Hong Kong stocks opened lower with the Hang Seng Tech Index down more than 1%, the Hang Seng Index down 0.42%, Kuaishou (01024.HK) down more than 12%, Pop Mart (09992.HK) down more than 8.8%, ZTO Express (02057.HK) down more than 3%, and Mengniu Dairy (02319.HK) up nearly 4%.