【港股收市】恒指跌239點騰訊、網易挫7% 滙豐逆市升1%破頂金股造好紫金升6%（不斷更新） – 香港經濟日報HKET

According to reporting from Hong Kong Economic Times (HKET) and RTHK, the index closed down 0.95%, while the Hang Seng Tech Index saw a steeper decline of 3%.

The downturn was driven primarily by heavy losses in the internet sector. Tencent and NetEase both dropped 7%, according to HKET and RTHK.

While tech stocks declined, investors shifted capital into defensive assets. HKET reported a surge of funds into the gold and energy sectors as a hedge against market volatility. Zijin Mining rose 6%, and HSBC rose 1%, reaching a new peak despite the broader market decline, according to HKET.

Tech Sector Decline and Retail Disruptions

The 3% drop in the Hang Seng Tech Index reflects a broader retreat from growth stocks. The losses were concentrated in major platform companies, with Tencent and NetEase leading the decline.

Specific corporate news added to the volatility in the retail and distribution space. According to etnet, Nike terminated the online distribution rights for Topsports, a development that contributed to the negative sentiment surrounding consumer-facing businesses.

Safe Haven Flows into Gold and Banking

The market exhibited a clear rotation toward “safe haven” assets. According to etnet, gold prices triggered buy signals, which coincided with the rise in gold-related equities. Zijin Mining’s 6% increase serves as a primary example of this trend, as reported by HKET.

Banking stocks also showed resilience. HSBC climbed 1% to hit a record high, according to HKET. This move occurred as the broader index lost the 25,000-point level, a threshold etnet noted was critical for market sentiment.

Market Summary by Sector

• Technology: Tencent and NetEase fell 7%; Hang Seng Tech Index dropped 3% (RTHK, HKET).
• Banking: HSBC rose 1% to a new peak (HKET).
• Mining/Gold: Zijin Mining increased 6% (HKET).
• Retail: Topsports faced a loss of Nike online distribution rights (etnet).