Hang Seng Index Drops 1%, Tencent Falls Below 400 HKD

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The Fear and Greed Index dipped below 40 as the Hang Seng Index closed down 1% on October 21. The Hang Seng Tech Index fell 1.44%, with Tencent Holdings dropping 3.7% below HKD 400. Kuaishou, Meituan, and Bilibili all declined over 2%. AI large model stocks Zhipu and MINIMAX-W rose 1.4% and 0.64%, respectively. Traders are monitoring altcoins amid mixed market sentiment.

Huo Xing Finance reports that on October 21, according to market data, the Hang Seng Index fell 1% in the final trading session, while the Hang Seng Tech Index dropped 1.44%. Tech stocks declined, with Tencent Holdings falling 3.7% below HK$400, and Kuaishou, Meituan, and Bilibili all dropping over 2%. AI large model stocks Zhipu and MINIMAX-W rose 1.4% and 0.64%, respectively.

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