Hong Kong's financial markets experienced notable declines on March 21, 2025, with the Hang Seng Index closing down 551.19 points, or 2.23%, at 24,219.95. The Hang Seng Tech Index fell nearly 3%, reflecting profit-taking in technology stocks. Major companies such as Baidu, China Life Insurance, and Alibaba saw significant losses, with Baidu down 5.44% and Alibaba dropping over 3%. The Shanghai Composite Index also fell by 1.29%, while the ChiNext Index and Shenzhen Component Index dropped by 2% and 1.76%, respectively. Turnover on the Shanghai and Shenzhen stock exchanges exceeded 1.5 trillion yuan. The decline in Hong Kong markets is attributed to ongoing uncertainties regarding the U.S. economy, leading to a broader pullback in Asian markets.