Hong Kong stocks closed sharply lower as the Hang Seng Index fell below 23,000 and the Hang Seng Tech Index lost roughly 5%. The Hang Seng closed down 3.03% at 22,934.68; the Hang Seng Tech Index fell 5.03% to 3,793.93. Market turnover was HKD 256.05 billion. Technology, semiconductor-supply-chain and biotech names led losses; new-energy vehicle stocks slid while oil & gas equipment & services showed partial recovery. Major decliners included Dipu Technology (01384.HK) -34%, Yangtze Optical Fibr

Hong Kong stocks closed sharply lower as the Hang Seng Index fell below 23,000 and the Hang Seng Tech Index lost roughly 5%. The Hang Seng closed down 3.03% at 22,934.68; the Hang Seng Tech Index fell 5.03% to 3,793.93. Market turnover was HKD 256.05 billion. Technology, semiconductor-supply-chain and biotech names led losses; new-energy vehicle stocks slid while oil & gas equipment & services showed partial recovery. Major decliners included Dipu Technology (01384.HK) -34%, Yangtze Optical Fibre & Cable (06869.HK) -~11%, Cambridge Technology (06166.HK) -~11%, Lenovo Group (00992.HK) -~11%, Shenghong Technology (02476.HK), Kangfang Biotech (09926.HK), Huahong Hongli (01347.HK) and Kingboard Laminates (01888.HK) each down over 9%, CATL (03750.HK) and Zhongji Xuchuang (03308.HK) down more than 7%, SERES (09927.HK) down nearly 7%, and Alibaba (09988.HK) and SMIC (00981.HK) down over 6%. Top gainers included Naodong Jiguang-B (06681.HK) +27%, Zhaowei Electromechanical (02692.HK) +21% and Shandong Molong (00568.HK) +7.5%.