Glonghui, May 24 | Hong Kong stocks continued to pull back, and market sentiment continued to be sluggish. The decline of the three major indices widened further in the afternoon. At one point, the Hang Seng Technology Index plummeted by 3% and eventually closed down 2.48%. The Hang Seng Index and China Index fell 1.38% and 1.44% respectively, and emerged from four consecutive declines. On the market, weights such as large technology stocks, big financial stocks, and Chinese head stocks dragged down the market. Kuaishou fell by more than 4%, fell by more than 11% after Bilibili's results, and China Life Insurance, China Financial Corporation, China Merchants Bank, etc. fell one after another, and all recorded continuous declines; institutions said that the impact of real estate policies on new home sales still needs to be observed. Domestic housing stocks declined significantly. R&F Real Estate, Vanke, and Ocean Group maintained a sharp decline throughout the day; biotechnology stocks maintained a sharp decline throughout the day, denying that clinical data fell short of expectations. It still closed down nearly 23%; auto stocks, photovoltaic stocks, gambling stocks, catering stocks, and mobile game stocks generally declined. On the other hand, favorable electricity reform policies have been implemented one after another. Power stocks bucked the trend. Huadian Power surged 6% to lead the way, China Electric Power and other stocks rose more than 3%, petroleum stocks and shipping stocks partially rose, and CNOOC rose more than 2%.