The three major Hong Kong stock indices have extended their declines, with the Hang Seng Tech Index falling more than 3%. Among the index constituents, Kingdee International Software Group Company Ltd (0368.HK) dropped over 8%. Leapmotor (9863.HK) and Meituan (3690.HK) both saw declines exceeding 6%. Kingsoft Corporation Limited (3888.HK), XPeng Inc. (9868.HK), and SenseTime Group Inc (0020.HK) all fell more than 5%. JD.com, Inc. (9618.HK), Kuaishou Technology (1024.HK), and Li Auto Inc. (2015.HK) experienced losses of over 4% each.
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