The Hang Seng Tech Index fell 4%, with all constituent stocks declining. Tianshu Zhixin (09903.HK) dropped over 8%, Zhipu (02513.HK) fell 7.5%, MINIMAX-W (00100.HK), NetEase-S (09999.HK), Lenovo Group (00992.HK), and Horizon Robotics (09660.HK) all fell over 6%, while Alibaba (09988.HK) fell 5.9%.