Hong Kong stocks closed lower, with the Hang Seng Index down 0.88% and the Hang Seng Tech Index down 2.48%. CATL (03750.HK) and Li Ning (02331.HK) bucked the trend, rising over 8%, while Geely Automobile (00175.HK) rose nearly 6.5%. Xiaomi Group (01810.HK) fell over 8.5%, and Alibaba (09988.HK) fell over 6%.