On March 16, affected by factors such as the overnight decline of U.S. stocks and the escalation of the Middle East situation, global stock markets showed a pattern of fluctuation and differentiation. Most Asia-Pacific markets closed down, while the Hong Kong tech sector rebounded strongly, becoming a bright spot.

In terms of U.S. stocks, the Nasdaq Index fell by 0.93% yesterday, and the German DAX Index fell by 0.60%, showing a weak volatile trend in the short term; in the Asia-Pacific market, the Nikkei Index fell by 0.59%, the South Korea Composite Index rose by 0.67%, and the Indonesia Jakarta Composite Index fell by 3.05%, hitting a new low since July 2025. The total turnover of the A-share market today was 1.8 trillion yuan, a year-on-year decrease of 2%, with the ratio of rising to falling stocks being 2284:3027, and the market sentiment was weak, with domestic capital net selling 53.1 billion yuan.

It is worth noting that the Hong Kong stock market performed brightly. The Hang Seng Stock Connect New Economy Index rose by 2.59%, the Hang Seng Tech Index rose by 2.49%, and the Hang Seng Internet Technology Index rose by 2.36%, becoming a bright spot in the Asia-Pacific market. In terms of sectors, the A-share liquor sector rose against the trend, semiconductors pulled up in the afternoon, while sectors such as photovoltaic, new energy vehicles and non-ferrous metals performed weakly; the rebound of the Hong Kong tech sector was mainly due to capital inflow and marginal improvement in industry prosperity, and the short-term volatile pattern of the market will continue.