Mar 31, 03:33 AM

Hang Seng Tech Index Falls 2% to 5,396.14; NIO Shares Down Over 4% as Stocks Enter Correction

The Hang Seng Tech Index has fallen by 2% to 5,396.14, marking a downturn that has pushed the index into correction territory following a strong rally. This decline is part of a broader trend, as Chinese tech stocks have dropped more than 10% over the last two weeks amid growing concerns over tariffs, which have soured market sentiment. Notably, shares of NIO, a prominent electric vehicle manufacturer, have decreased by over 4%. Additionally, trading volume on the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) has exceeded 1 trillion yuan for the 49th consecutive trading day, indicating sustained market activity despite the downturn.