March 23 Hong Kong Hang Seng Index Closes Down 3.54% with Southbound Net Buying Amount Nearly 300 Billion Hong Kong Dollars

SadMoneyMeow · 2026-03-23T19:47:21+00:00

On March 23rd, the Hong Kong Hang Seng Index and Hang Seng Tech Index declined 3.54% and 3.28% respectively, while southbound net buying reached 297.28 billion Hong Kong dollars. Gold stocks and semiconductor stocks broadly declined, with significant drops in some companies such as Chifeng Gold and GigaDevice, while heavyweight tech stocks also experienced declines.

SadMoneyMeow

2026-03-23 19:47:21

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On March 23, the Hong Kong Hang Seng Index closed down 3.54%, and the Hang Seng Tech Index fell 3.28%. Northbound funds had a net purchase of HKD 29.728 billion today.

Gold stocks plummeted, with Chifeng Gold (06693.HK) down over 25%, Lingbao Gold (03330.HK) down over 12%, Zhu Feng Gold (01815.HK) down over 11%, and Lao Pu Gold (06181.HK) down over 8%.

Semiconductor stocks weakened, with GigaDevice (03986.HK) down over 7%, Fudan Shanghai (01385.HK) down over 6%, Hua Hong Semiconductor (01347.HK) down over 5%, and SMIC (00981.HK) down nearly 5%.

Major technology stocks declined across the board, with Baidu Group-SW (09888.HK) down over 5%, and JD.com Group-SW (09618.HK), Xiaomi Group-W (01810.HK), and Alibaba-W (09988.HK) all down over 3%.

(Edited by: Wang Zhiqiang HF013)

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