STOCKS | Hong Kong Tech Stocks Decline as Tencent Music and Tencent Holdings Lead Losses

Hong Kong's leading technology stocks experienced a downturn, with Tencent Music Entertainment Group (01698.HK) dropping over 6% and Tencent Holdings Limited (00700.HK) falling more than 5%. According to Jin10, other notable declines included BOSS Zhipin (02076.HK) and Bilibili Inc. (09626.HK), both down over 4%. Additionally, shares of Alibaba Group Holding Limited (09988.HK), Kuaishou Technology (01024.HK), Baidu Inc. (09888.HK), and NetEase Inc. (09999.HK) also saw declines, contributing to the overall negative sentiment in the market.