Hong Kong stocks fell; the Hang Seng Index closed down 1.1% at 25,116.85 and the Hang Seng Tech Index slipped 1.77% to 4,707.62. Turnover was HKD 254.18 bln, versus HKD 263.71 bln the prior session. Tech names underperformed all day—the tech index briefly fell over 2% intraday—and AI application stocks plunged in the afternoon. Semiconductors rallied early then gave back gains; nonferrous metals led sector advances. Post-results movers: China Gold International (02099.HK) +14.64%, GDS (09698.HK)

Hong Kong stocks fell; the Hang Seng Index closed down 1.1% at 25,116.85 and the Hang Seng Tech Index slipped 1.77% to 4,707.62. Turnover was HKD 254.18 bln, versus HKD 263.71 bln the prior session. Tech names underperformed all day—the tech index briefly fell over 2% intraday—and AI application stocks plunged in the afternoon. Semiconductors rallied early then gave back gains; nonferrous metals led sector advances. Post-results movers: China Gold International (02099.HK) +14.64%, GDS (09698.HK) +10.31%, SMIC (00981.HK) +4.81%, Hua Hong Hongli (01347.HK) -11.55%, JD.com (09618.HK) -10.41%.