Hong Kong Stock Market Moves Into Panic Sell-off

7th April 2025

the Hong Kong stock market is experiencing record turnover levels today, 7 April 2025. The total turnover for the main board has reached HK$412.6 billion, reflecting the intense trading activity amid the market turmoil. This surge in turnover is driven by widespread panic selling, particularly in technology and financial stocks.

The Hong Kong stock market is seeing significant declines across various sectors today, with the following being hit the hardest:

Technology: Companies like Tencent and Alibaba are facing losses, with Alibaba down 5% and Tencent falling 1.23%. Semiconductor Manufacturing International (SMIC) has also been impacted, though it managed a slight gain of 0.78%.

Manufacturing: Export-driven manufacturers are struggling, including Shenzhou International (-14.15%), Techtronic Industries (-12.37%), and Lenovo (-7.79%).

Consumer Goods: Appliance makers like Haier Smart Home (-8.03%) and Midea (-4.77%) are under pressure.

Retail: JD.com and PDD have both dropped by over 5%.

Other global markets are experiencing sharp declines today, reflecting widespread investor anxiety. Here's a snapshot:

Asia: The Nikkei in Japan has dropped by 6.58%, and the Hang Seng in Hong Kong has plunged by 10.7%, marking one of its worst days in recent years2.

Europe: Major indices like Germany's DAX and the UK's FTSE 100 are down by 4.45% to 5.21%, showing significant losses.

United States: Futures for the S&P 500 and Nasdaq indicate declines of over 4% when the market opens.

The sell-off is driven by fears of a global trade war and its impact on corporate earnings and economic growth.

The day has hardly startd and the US Market is still to open.