The low level of large US technology stocks led to a further decline of 2.2% in the Nasdaq index last night, narrowing to a further decline of less than 0.1% last night. Following a sharp drop of 3 per cent yesterday, the Hang Seng Technology Index fell three times this morning after reaching a low of 7533 for half a year. It opened 1.4 per cent higher at 7pm 755, with an increase of 2.2 per cent to 7821.

Hengke's constituent stocks rebounded by more than two-thirds, especially the 02013.HK Group, which quickly bounced 12 percent to 15.50 yuan. Weimeng announced that revenue from subscription solutions grew by more than 100% year-on-year in the first quarter of this year, with revenue from merchant solutions growing by more than 50% year-on-year. As of March, the number of paying merchants increased by about 21.9%.

Zulong Entertainment (09990.HK) Chongyue 50 antenna (15.2 yuan), with a maximum of 15.98 yuan, is now built at 15.84 yuan, up 9.1%.

01024.HK, 02382.HK, 09988.HK, JD.com Group and 09698.HK, which hit new lows yesterday, fell to more than seven-month lows of Meituan (03690.HK), Baidu (09888.HK), NetEase (09999.HK), BYD (00285.HK) and Kingsoft (03888.HK) rebounded by more than 3.5% and 6.5%, with the latter two rising the most As high as 40.35 yuan and 56.95 yuan respectively, the share price of the latter surpassed 10 days, 20 days and 100 antennas (54.96-56.2 yuan) in one fell swoop.

However, ASM (00522.HK), which will be officially removed from the MSCI Hong Kong index after the close of trading on May 27, fell 3.5 per cent to 105.4 yuan, while the share price lost 100 antennas (107.4 yuan). Haier Zhijia (06690.HK) repeatedly fell 2.2% to 31.20 yuan.