The market is worried that the Federal Reserve will continue to aggressively raise interest rates or cause the economy to fall into recession. The Nasdaq has fallen two times in a row, falling 2% on Friday and closing down only 0.9%. After closing down 0.9%, the Nasdaq futures repeatedly fell 0.4% to 11881. In Hong Kong, the index fell two times in a row, reaching a low of 3760 this morning, a low of more than four months. It is now reported at 3764, down 2.4%. In addition, the Hang Seng Index also lost its low this year, reaching a low of 18514 for half a year. It is now reported at 18,507, down 253 points or 1.3%, with a total turnover of 62.7 billion yuan. Only 3 of the 30 component stocks rose by less than 1%. 00020.HK was the worst performer, with its share price repeatedly hitting a new low of 1.85 yuan, which is now trading at 1.87 yuan, down 6.5%. 00909.HK fell 6.5% to 5.65 yuan, and 00268.HK fell 5.3% to 12.2 yuan, a half-year low. Bilibili or bilibili (09626.HK) continued to drop more than 50% as low as 129.8 yuan. Meng Wei, spokesman for the National Development and Reform Commission, said that the authorities will conscientiously implement the development plan of the new energy vehicle industry and continue to promote the high-quality development of the new energy vehicle industry. However, the three major electric car stocks also continued to be sold. Among them, 09868.HK fell four times in a row, and today its share price hit a new low, as low as 56.50 yuan. It is now trading at 56.55 yuan, down 5%. Ideal car (02015.HK) fell three times in a row, falling as low as 93.25 yuan, the lowest since the end of May, and is now trading at 93.50 yuan, down 5.7 percent. Weilai-SW (09866.HK) fell for the third day from its highest level in more than two months to as low as 153.1 yuan. It is now trading at 155.7 yuan, down 6.2%. The company said that the first exchange power station in the production line of the European plant of Weilai Energy in Hungary was officially shipped to Germany on Friday (16th). As for the heavyweight stocks Tencent (00700.HK), Meituan (03690.HK), Baidu (09888.HK), JD.com (09618.HK), Alibaba (09988.HK) and NetEase (09999.HK) fell 1.5% muri 4%, the latter two have the greatest selling pressure, as low as 83.55 yuan and 127.2 yuan respectively.