Closing comments: Hong Kong stocks tumbled 3.2%, hang Seng Technology index fell more than 4% to a new low


China net financial news, February 24, Hong Kong stocks hang Seng index closed down 3.21%;The Hang Seng Technology index fell 4.33%, hitting an intraday record low.Most industry sectors fell, with Alibaba down more than 6% and The Hong Kong Stock Exchange down more than 5%.Energy stocks bucked the trend higher, with petrochina up more than 3% and EnN energy up more than 2%.In the consumer sector, Weimeng fell more than 8%, Xiaopeng Automobile down more than 7%, Nai Xue Tea down 7%, Guangzheng Education, China Education Holdings down 7%.Housing stocks tumbled, with Longguang Group down 14%, Zhenro Real Estate and Shimao Group down more than 11%, Jianye Real Estate down more than 10%, sunac China down nearly 9%.U.S. Oil April and Cloth May both rose more than 6 percent in intraday trading, with may hitting the $100 / BBL mark.Spot gold stood at $1,940 an ounce, its highest level in more than a year.Shandong Merong rose 13%, petrochina Zhang more than 3% and Shandong Gold more than 4%.This article is from China Finance website

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