The Hang Seng Tech Index fell by more than 1%, while the Hang Seng Index fell by 0.5%. New energy vehicle stocks continued to decline, with NIO-SW (09866.HK), Leapmotor (09863.HK), and XPeng Motors (09868.HK) all falling by more than 4%. BYD (01211.HK) and Xiaomi (01810.HK) fell by more than 2%, and Li Auto (02015.HK) fell by 1.8%.