Hong Kong stocks closed: The Hang Seng Index fell 1.785%, and the Hang Seng Technology Index fell 4.370%.

NIO-SW fell 6.874%, Kuaishou-W fell 7.886%, Xiaopeng Group-W fell 8.930%, SMIC fell 10.306%, Huahong Group fell 13.278%, MINIMAX-W fell 15.547%, and Zhipu fell 28.682%.