Hong Kong stocks opened lower and continued to decline, with the Hang Seng Index down 1% and the Hang Seng Tech Index down 3.1%. The AI application sector declined, with MINIMAX-W (00100.HK) falling 5.4%, briefly dipping below its issue price during the session; Alibaba (09988.HK) and Zhipu (02513.HK) fell by more than 5%.