Hong Kong Stocks Sink; Lenovo and Alibaba Decline 6%; Xiaomi Drops 3%; Tencent Falls 2%
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Hong Kong stocks sank in morning trading. HSI fell 2%; HSTECH fell 3%; Z.Ai, MiniMax, Lenovo, and Alibaba fell 6%; CATL and NetEase fell 5%; XPeng, Li Auto, and SMIC fell 4%; JD.com, Bilibili, Xiaomi, BYD, Kuaishou, and Meituan fell 3%; Tencent and Baidu fell 2%.

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