Hong Kong stock market movement | Hang Seng Tech Index hits lowest since September 2024; Alibaba-W (09988.HK) falls over 5%, Tencent (00700.HK) drops over 3%

Zhitong Finance APP has learned that internet stocks came under pressure across the board this morning, dragging the Hang Seng Tech Index down by more than 4%, hitting a low of 3,829.18 points, the lowest since September 24, 2024. So far this year, the Hang Seng Tech Index has fallen more than 30%. As of press time, Alibaba-W (09988.HK) fell 5.3% to HK$98.2; Tencent (00700) fell 3.2% to HK$381.2.