According to Futu News on October 27th, the decline in Hong Kong stocks intensified, with the Hang Seng Index falling 1.75% and the Hang Seng Technology Index down 3.74% to more than 240 points at 6405.

As of October 26, the proportion of the latest bull-bear street goods in the Hang Seng Index was 55.1% 44.9%. According to Futu Niuniu, the heavy cargo area of Niuzheng Street is in the recovery price range of 25300-25399 points, with a relative index of 776, an increase of 203over the previous trading day.

Popular Hong Kong stocks fell across the board. XPeng Inc. fell by more than 6%, Meituan and Bilibili Inc. by more than 5%, Kuaishou Technology, JD.com and Baidu, Inc. by more than 4%, BABA and Tencent by more than 3%, and XIAOMI by more than 2%.

On the plate, education, Internet health care and other sectors fell sharply, Yuhua Education fell nearly 20%, New Oriental Education & Technology Group fell nearly 5%, Alibaba Health Information Technology fell more than 6%, JD Health and Ping An Healthcare And Technology fell more than 4%.

On the news, Yuhua Education had previously issued a placing announcement that the company planned to place 220 million shares at HK $4.19, raising HK $922 million, a discount of 11.97 per cent to the company's closing price.

Electric power stocks and gas stocks bucked the trend, with Xinjiang Goldwind Science & Technology up nearly 10% and Hong Kong and China Gas up more than 7%.

In terms of news, Xinjiang Goldwind Science & Technology previously released results showing that the company's net profit increased by 45.61% to 3.013 billion yuan in the first three quarters compared with the same period last year.

HSBC Research previously released a research report saying that it maintained its "buy" rating and kept its profit forecast unchanged, with a target price of HK $6.7.