Hong Kong Stock Market Midday Report: Hang Seng Index fell by 1.47%, Hang Seng Tech Index fell by 1.67%

Hong Kong stock market closed at midday, with the Hang Seng Index falling by 1.47% and the Hang Seng Technology Index falling by 1.67%. Xiaopeng Motors dropped nearly 10% after announcing lower-than-expected fourth-quarter revenue forecast.