The Hang Seng Tech Index fell more than 1% intraday, with Kingsoft (03888.HK) down more than 10.5%, XPeng Motors (09868.HK) down nearly 5%, Trip.com (09961.HK) and Xiaomi (01810.HK) both down 3.5%, and NetEase (09999.HK) down more than 3%.

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