At the mid-session close Hong Kong shares were weaker: the Hang Seng Index fell
2.09% and the Hang Seng TECH Index dropped 3.84%. Internet and large-cap tech
names led losses — Alibaba (09988.HK) down near 10%, Baidu (09888.HK) and Xiaomi
(01810.HK) down about 4% each, Tencent (00700.HK) down nearly 3%, Meituan
(03690.HK) and JD (09618.HK) also lower. Memory semiconductor,
optical-communications and PCB-related stocks underperformed; MINIMAX-W
(00100.HK) fell over 9% and Zhipu (02513.HK) dropped more than 8%.
