Hong Kong-listed new energy materials stocks continued their sharp decline in the afternoon, with Zhonghuan New Energy (01735.HK) falling 16.5%, Re-Fire Energy (02570.HK) falling over 6%, Yihuatong (02402.HK) falling over 4%, Xinte Energy (01799.HK) and GCL Technology (03800.HK) both falling over 4%, and Flat Glass (06865.HK) falling over 2.5%.