Hong Kong stocks saw the Hang Seng Tech Index fall by more than 1%, the Hang Seng Index fall by nearly 0.6%, Baidu (09888.HK) fall by nearly 5%, Xiaomi Group (01810.HK) fall by more than 4%, and Leapmotor (09863.HK), XPeng Group (09868.HK), and BYD (01211.HK) all fall by more than 2%.