STOCKS | Hong Kong's Hang Seng Tech Index Drops Over 2% Amid Broad Retreat in Tech Stocks

Hong Kong's Hang Seng Tech Index experienced a significant decline, dropping over 2% during trading hours. According to Jin10, the tech sector saw a widespread pullback, with several major companies experiencing notable losses. Kuaishou Technology (01024.HK) led the downturn, plummeting over 13%. Horizon Robotics (09660.HK), Alibaba Group (09988.HK), Hua Hong Semiconductor (01347.HK), Tencent Music Entertainment (01698.HK), and Semiconductor Manufacturing International Corporation (00981.HK) all fell by more than 3%. Additionally, Meituan (03690.HK) saw a decrease of nearly 3%. The retreat in tech stocks reflects broader market sentiment and investor caution.