Hong Kong stocks closed lower, with the Hang Seng Index down 1.85% and the Tech Index down 2.82%. Automotive and tech stocks declined, with Baidu (09888.HK) down 7.2%, XPeng Motors (09868.HK) down 6.8%, JD.com (09618.HK) down 6%, and Alibaba (09988.HK) down 4.4%.