Mainland stock market resumed trading today (8th), with the three major A-share indices opening 10% to 18% higher. Hong Kong stocks opened lower by 250 points today (8th) morning, with an initial decline extending to 1,563 points or nearly 6.8%, hitting a low of 21,535, currently at 21,691, dropping 1,408 points or 6.1%. Trading volume reached 206.461 billion yuan in less than a minute since the market opened. The Hang Seng Index is currently down by 547 points or 6.5%, at 7,783. Hang Seng Tech Index is down by 415 points or 7.7%, at 4,971.

Mainland real estate stocks faced selling pressure, with Longfor Group (00960.HK) plunging by 10.2%. Country Garden Services (01777.HK) dropped by 19%. Agile Group (03383.HK) and China Evergrande Group (02202.HK) fell by over 18%. Kerry Properties (01638.HK) and Chinasouthcity Holdings (01668.HK) declined by 16%. Property management stock China Resources Mixc Lifestyle Services (01209.HK) dropped by 11.4%.

Brokerage stocks were under pressure, with Guotai Junan International Holdings (06099.HK) dropping by nearly 30% from its historical high, while Orient Securities International Holdings (03958.HK), China Securities Co.,Ltd. (06066.HK), CC Securities (01375.HK) each dropped by over 25%. China International Capital Corporation (03908.HK) fell by 20.9%. Guotai Junan Securities (06178.HK), GF Securities (01776.HK), China Galaxy Securities (06881.HK), Guotai Junan International Holdings (01788.HK), and htsc (06886.HK) dropped by over 18%. Citic Securities International (06030.HK) fell by 16.6%.

In the technology sector, JD.com-SW (09618.HK) dropped by 5.2%, while its affiliate JD Health (06618.HK) fell by 10.1%. Tencent Holdings (00700.HK) and Alibaba Group-W (09988.HK) dropped by over 3%. Meituan-W (03690.HK), Xiaomi-W (01810.HK), and Baidu-SW (09888.HK) fell by over 3% to 6%.

In addition, China Mengniu Dairy (02319.HK) and Li Ning Company Limited (02331.HK) both fell by 10%. China Life Insurance (02628.HK), which surged over 10% the previous day, retraced by 11%.

Traditional local finance stocks were under pressure, with HSBC Holdings (00005.HK) dropping by 1%. AIA Group (01299.HK) fell by 6.4% to 67.5 yuan, with a transaction volume of 3.25 billion yuan. Hong Kong Exchanges and Clearing (00388.HK) slumped by 9.7% to 355.6 yuan, with a transaction volume of 5.381 billion yuan. Local utility stocks were slightly weak, with CLP Holdings (00002.HK) and Towngas China (00003.HK) both falling by 1.8%, as well as Power Assets Holdings (00006.HK), Hongkong Electric Holdings Limited-SS (02638.HK), and Cheung Kong Infrastructure Holdings (01038.HK) dropping by 0.8% to 1.3%. MTR Corporation (00066.HK) fell by 3.4%.