On the first trading day of the Lunar Year of the Horse, Hong Kong's three major stock indices continued to decline, with the Hang Seng Tech Index falling more than 2% and the Hang Seng Index dropping over 1%. Among the constituents of the tech index, Baidu saw a decline of more than 5%, while NetEase fell over 4%. Bilibili, Li Auto, and Alibaba each dropped more than 3%, and Xiaomi and Sunny Optical Technology declined over 2%.
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