Hang Seng Index closed down 1.48%, Hang Seng Tech Index down 1.61%. Market turnover HKD 270.23 bln. Large-cap internet names fell >2%: Alibaba (09988.HK), Meituan (03690.HK), Baidu (09888.HK). Autos underperformed: NIO (09866.HK) -3.67%, Li Auto (020

2026-06-04

Hang Seng Index closed down 1.48%, Hang Seng Tech Index down 1.61%. Market turnover HKD 270.23 bln. Large-cap internet names fell >2%: Alibaba (09988.HK), Meituan (03690.HK), Baidu (09888.HK). Autos underperformed: NIO (09866.HK) -3.67%, Li Auto (02015.HK) -3.13%. Semiconductor sector reversed early weakness and outperformed: 03986.HK +6.87%, 00400.HK rose over 5%, 01347.HK +3.16%, 02577.HK up over 2%.