Chinese technology stocks experienced a notable decline, with the Hang Seng Tech Index dropping as much as 3.8% on March 25, 2025. This downturn follows a $5.5 billion share sale by Xiaomi Corp, which has negatively impacted market sentiment. Over the past week, the Hang Seng Tech Index has fallen more than 9%, bringing it close to correction territory, as indicated by multiple reports. As a result, Chinese tech stocks have collectively fallen more than 3% on the day, reflecting a broader lack of momentum in the market.