Hong Kong stocks closed lower, with the Hang Seng Index down 2.23% and the Hang Seng Tech Index down 3.36%. Gold stocks led the decline, while chip and new energy vehicle stocks also saw significant drops. BYD (01211.HK) fell more than 6%, Hua Hong Semiconductor (01347.HK) fell more than 11%, while MINIMAX-WP (00100.HK) bucked the trend, rising about 10%.