Hong Kong stocks fluctuate | Storage concept stocks lead the decline, Kai Xia's stock price plummeted, and its market value shrank by half from its peak. The global technology sector has once again encountered a comprehensive sell-off.

According to the Wisdom Financial APP, storage concept stocks lead the decline. As of the time of publication, Zheyi Innovation (03986.HK) fell by 10.25% to 538.5 Hong Kong dollars, while LANQI Technology (06809.HK) fell by 7.47% to 257.8 Hong Kong dollars. The decline in storage-related ETFs widened, with Southern Double Bull Hynix (07709.HK) falling by 17.32% to 46.38 Hong Kong dollars, and Southern Double Bull Samsung Electronics (07747) falling by 25.4% to 61.92 Hong Kong dollars.