Hong Kong-listed tech stocks retreated, with Tencent Music-SW (01698.HK) falling over 6%, Tencent Holdings (00700.HK) dropping over 5%, and BOSS Zhipin (02076.HK) and Bilibili (09626.HK) both falling over 4%. Alibaba (09988.HK), Kuaishou (01024.HK), Baidu (09888.HK), NetEase-S (09999.HK) and other stocks followed suit.