The Ming Pao News reported that the Hang Seng Index fell by 611 points yesterday, closing at 26,775 points, with a transaction amount of 347.8 billion yuan. Asian stock markets generally declined, with Indonesia and South Korea's stock markets dropping by more than 5%. The Hong Kong stock market performed relatively better, recovering slightly towards the end of the market. Chinese telecom stocks fell due to unfavorable news, but the dividend yield provided support for the stock price.