2025-12-18 03:17:06

The Hong Kong stock market started the day on a weak note as technology shares led the decline. Investors are watching closely as the tech sector continues to face pressure, dragging major indices lower in early trading.

This pullback reflects broader concerns about valuations in the technology space, a trend that's been echoing across global markets. For crypto traders monitoring macro conditions, tech stock weakness often signals risk-off sentiment that can spill over into digital asset markets.

The declines came as investors reassess positions amid ongoing economic uncertainties. Whether this retreat marks a temporary dip or signals deeper weakness remains to be seen. Market participants are closely tracking how this plays out, especially given the interconnectedness of traditional finance and crypto markets in today's landscape.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

17 Likes

Reward
17
9
Repost
Share

Comment

0/400

Blockwatcher9000

· 2025-12-20 03:27

Hong Kong stocks are starting to play out again, with tech stocks leading the plunge. Now crypto might also be affected. --- Finally, someone is taking tech valuations seriously; it was about time to sell off. --- Risk-off is coming, crypto circles need to be prepared... --- Every time traditional finance coughs, we catch a cold. So annoying. --- Will today’s plunge in Hong Kong lead to a chain reaction tonight? We need to watch closely. --- It's that same old "economic uncertainty" excuse, tired of hearing it. --- Weak tech stocks = a dangerous signal for the crypto market. The logic makes sense. --- Traditional finance and the crypto world have long been intertwined; it's hard to be independent.

View OriginalReply0

CodeAuditQueen

· 2025-12-20 01:45

Hong Kong tech stocks are underperforming again, and the logic behind this decline is too obvious... The risk spillover from traditional finance to the crypto world is nothing more than the reentrancy attack principle in smart contracts. --- The sell-off of risk assets is just how it is; it was about time to add protections. --- The crash of tech stocks this time... Wait, is it really just a valuation issue? Or are there other attack vectors I haven't seen? --- The correlation between traditional finance and crypto is exaggerated, I think. --- Starting to talk about interconnectedness again... Wake up, focusing on your own security audits is the real key. --- These macro concerns are like unverified contracts—appear shiny on the surface but are full of hidden risks. --- The crypto world and the stock market are not that closely linked; don’t be led by the rhythm. --- They haven't even done proper overflow checks, and they're still talking about market sentiment spillover—ridiculous.

View OriginalReply0

AllInAlice

· 2025-12-19 11:12

Hong Kong stocks' tech shares have fallen again, and now the crypto market is probably going to suffer as well --- Tech crashes mean disaster, it always propagates to the crypto world this way --- Here comes that valuation concern again? Honestly, nobody believes anymore --- Risk-off signals... my wallet has already felt it --- Wait, is this drop real or just a rebound coming? I can't tell --- Traditional finance coughs, crypto gets a fever; the correlation is really absurd --- Hong Kong stocks underperform, the crypto market follows as a sacrificial lamb, the rhythm is incredible --- When can we have an independent market? Always being led by the rhythm --- This "deeper weakness" sounds like a bad sign... --- Economic uncertainty just stays like this? How much longer until the bottom?

View OriginalReply0

BridgeJumper

· 2025-12-19 03:36

Tech stocks are underperforming again... This time, Hong Kong stocks are also not saved --- If I had known tech valuations needed adjustment earlier, now it's the traditional market's turn to react --- Risk-off is here, everyone, be careful in the crypto circle --- Is that all? Still watching? I already ran away --- Traditional finance and crypto are so deeply intertwined, it's really interesting --- It's economic uncertainty again. When will it be certain? --- When tech stocks crash, the whole market suffers, feeling like catching a stray bullet --- Sisters, honestly, is this a bottom signal or just more downside? --- Feels like a trap, a rebound comes and you have to chase again --- Hong Kong stocks are weak, probably next we’ll have to see how the US markets perform

View OriginalReply0

RugPullProphet

· 2025-12-18 03:46

Hong Kong stocks are underperforming again, with tech stocks leading the plunge. Now it's not just stocks, the crypto market is also going to suffer... Oh my God It feels like the risk correlation is getting stronger and stronger; there's no escaping it.

View OriginalReply0

BridgeTrustFund

· 2025-12-18 03:42

Hong Kong stocks are falling again, with tech stocks leading the decline. I'm tired of this routine. Is the tech crash really going to affect the crypto world? Just a few days ago, it was rising quite sharply. This time is different, macro risks are really coming. Is it time to go all-in on the bottom... or wait a bit longer? Valuations keep getting slaughtered, there's no bottom to this.

View OriginalReply0

GweiWatcher

· 2025-12-18 03:40

Hong Kong tech stocks are falling again. How deep can this decline go? Weak tech = crypto circle will suffer too, old story. Is this real? Is this a buying opportunity or should we continue to hedge... With macro so bad, only the brave dare to buy the dip. Are traditional finance and the crypto world really that closely linked? Feels like just an excuse. Risk sentiment is so poor, maybe we should wait and see.

View OriginalReply0

DEXRobinHood

· 2025-12-18 03:35

Hong Kong stocks' tech shares are starting to plunge again, this rhythm... feels like the crypto world is about to get hit. Tech keeps crashing, and our assets have to be sacrificed along with it, this is called correlation. Every time traditional finance shakes, the crypto market trembles, so annoying. Looks like it will fall even harder? Or is it just like this, who knows? When traditional finance catches a cold, blockchain gets a fever, this correlation is really incredible. Should I quickly buy the dip or continue holding cash? The rhythm is a bit chaotic.

View OriginalReply0

PensionDestroyer

· 2025-12-18 03:31

Hong Kong tech stocks have fallen again, and now the crypto market has to suffer as well... --- If tech crashes, we're doomed. I've seen through this trick a long time ago. --- It's another macro risk splash. When will we truly decouple? --- I'm tired of playing the risk transfer game. Can you give some real good news? --- Whenever traditional finance sneezes, the crypto world catches a cold. Unbelievable. --- Holdings are shrinking again. When will this end? --- When the valuation bubble bursts, this is what happens. I predicted it long ago. --- When it drops, everything moves together; when it rises, they go their separate ways. Isn't that the end?

View OriginalReply0