Hong Kong stocks opened lower, slipped further and partially recovered in the afternoon; the Hang Seng Index closed down 1.03% and the Hang Seng Tech Index fell 2.72%. Major mainland lenders rose: Agricultural Bank of China (01288.HK) gained over 3%, Industrial and Commercial Bank of China (01398.HK) and China Construction Bank (00939.HK) each rose more than 1%. Select new-consumption names outperformed: Nayuki (02150.HK) up nearly 1%; internet healthcare, retail, beer and sporting-goods names w

Hong Kong stocks opened lower, slipped further and partially recovered in the afternoon; the Hang Seng Index closed down 1.03% and the Hang Seng Tech Index fell 2.72%. Major mainland lenders rose: Agricultural Bank of China (01288.HK) gained over 3%, Industrial and Commercial Bank of China (01398.HK) and China Construction Bank (00939.HK) each rose more than 1%. Select new-consumption names outperformed: Nayuki (02150.HK) up nearly 1%; internet healthcare, retail, beer and sporting-goods names were active. Optical-communications names plunged: Yangtze Optical Fibre and Cable (06869.HK) fell over 13%, Huiju Technology (01729.HK) dropped more than 8%. Chip stocks weakened, with Tianshu Zhixin (09903.HK) down over 13%. PCB, power-equipment, logistics, liquid-cooling and commercial-aerospace sectors were among the top decliners. New listing Transsion Holdings (02636.HK) fell over 5% on its first trading day.