Hong Kong stocks opened lower and briefly rallied before reversing. The Hang
Seng Index fell 0.42% to 23,517.7. The Hang Seng Tech Index closed down 0.28% at
4,528.55 after an intraday rise of over 2%. Internet and e-sports names
outperformed while memory chips, nuclear power and nonferrous metals lagged.
Movers: Nuobikan (02635.HK) +8%, Zhipu (02513.HK) +5%, Meituan (03690.HK) +4.3%,
Tencent Holdings (00700.HK) +2.8%. Decliners: Lanqi Technology (06809.HK)
-10.5%, Yangtze Optical Fiber & Cable (06869.HK) ~-10%, Kuaishou Technology
(01024.HK) -9.5%, Kingboard Laminates (01888.HK) ~-9%, GigaDevice (03986.HK)
-8.4%, China Life Insurance (02628.HK) -4.6%, Mengniu Dairy (02319.HK) and
Nongfu Spring (09633.HK) down over 4%.
