On October 22, the Hang Seng Tech Index dropped more than 3%, falling below the 3,900-point level, while the Hang Seng Index declined nearly 2%.
Among the constituent stocks of the Hang Seng Tech Index, Tianshu Zhixin fell 6%, while Lenovo, Alibaba, MINIMAX, and Zhipu each dropped more than 4%. NetEase and XPeng declined nearly 4%, while Li Auto, NIO, JD.com, and SMIC each fell more than 3%.
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