Hong Kong stocks opened lower in early trade and slid, with the Hang Seng index slipping below the 25,000 level. The Hang Seng was down 2.29% at 24,748.65, while the Hang Seng Tech Index fell 1.49% to 4,834.22. Sector moves: semiconductors partially recovered but internet/tech names weakened; nonferrous metals and innovative-drug sectors declined. Individual movers: Hua Hong Semiconductor (01347.HK) rose more than 11%; NIO-SW (09866.HK) jumped 5.56%; SMIC (00981.HK) and XPeng (09868.HK) gained o

Office of the U.S. Trade Representative said talks in Mexico City this week will be led by Deputy U.S. Trade Representative Jeffrey Gottman.

Hong Kong stocks closed lower as the Hang Seng Index fell 1.27% to 25,006.16, while the Hang Seng Tech Index slipped 0.39% to 4,888.58. Market turnover was HKD 356.345 billion. Telecom equipment, chip and optical-communications names outperformed; nonferrous metals and CXO-theme stocks lagged. Notable movers: newly listed 02723.HK jumped 72.4% on its second day of trading; 02513.HK and ZTE (00763.HK) rose about 13%; 06166.HK and Hua Hong Semiconductor (01347.HK) gained over 11%. EVs and consumer names advanced—NIO-SW (09866.HK) +6%, XPeng (09868.HK) +5.6%, Pop Mart (09992.HK) +4.7%—while Kingboard Laminates (01888.HK), SMIC (00981.HK) and Lenovo Group (00992.HK) rose c.3%. Decliners included 03986.HK (-6%+), Meituan (03690.HK) -5.66%, SenseTime (00020.HK) and Horizon Robotics (09660.HK) down >4.6%, and Alibaba (09988.HK), Baidu (09888.HK), Tencent (00700.HK) and Bilibili (09626.HK) all off more than 2%.