According to Golden Finance, Hong Kong's Hang Seng Index closed down 13.22%, falling below the 20,000 point mark; the Hang Seng Technology Index fell 17.16%. The transaction volume reached a record high of HK$621 billion. BYD Electronics fell by more than 22%, Xiaomi Group and Xiaopeng Motors fell by more than 20%, Alibaba fell by nearly 18%, JD Group fell by more than 15%, Meituan fell by nearly 15%, and Tencent Holdings fell by more than 12%.