Hong Kong stocks continued to decline in the afternoon, with the Hang Seng Index falling by more than 1%, the Hang Seng Tech Index falling by nearly 2.5%, Xiaomi Group (01810.HK) falling by more than 7.5%, Alibaba (09988.HK) falling by 6.5%, and China Unicom (00762.HK) and XPeng Motors (09868.HK) both falling by more than 4%.