Hang Seng Index closed down 0.98% at 24,315.92; Hang Seng Tech Index fell 1.41% to 4,027.06. Market turnover was HKD180.75 bln, versus HKD178.18 bln in the prior session. Most sectors closed lower; airlines, electric‑vehicle makers and major internet names underperformed. Optical‑communications, PCB and semiconductor sectors outperformed. IPO Xin Hehua (02206.HK) jumped 71.64% on debut; MINIMAX‑W (00100.HK) +4.04%, Zhipu (02513.HK) +3.73%. BYD Co. (01211.HK) slid 3.2%, Meituan (03690.HK) fell 3.

Hang Seng Index closed down 0.98% at 24,315.92; Hang Seng Tech Index fell 1.41% to 4,027.06. Market turnover was HKD180.75 bln, versus HKD178.18 bln in the prior session. Most sectors closed lower; airlines, electric‑vehicle makers and major internet names underperformed. Optical‑communications, PCB and semiconductor sectors outperformed. IPO Xin Hehua (02206.HK) jumped 71.64% on debut; MINIMAX‑W (00100.HK) +4.04%, Zhipu (02513.HK) +3.73%. BYD Co. (01211.HK) slid 3.2%, Meituan (03690.HK) fell 3.51%, Li Auto (02015.HK) down 0.4%.