India, July 17 -- Hang Seng Index Today (July 17): Hong Kong's stock market witnessed heavy selling pressure on Friday, July 17, as technology and AI stocks faced a sharp decline amid a global market selloff. The benchmark Hang Seng Index dropped more than 400 points as investors turned cautious over stretched AI valuations, inflation concerns and uncertainty around future technology growth.
The index briefly fell over 600 points during the trading session before recovering some losses. The decline came mainly from technology and semiconductor stocks, with AI focused comapnaies witnessign some of the biggest falls. Meanwhile, mainland Chinese markets also ended lower as broader investor sentiment weakened across Asia.
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