Hang Seng Index fell 0.83% to 24,352.69 at midday after a failed early rebound;
the Hang Seng Tech Index dropped 1.36% to 4,028.75. Market turnover was HKD
83.82 bln. Sector laggards included biotech, electric-vehicle makers and
commercial space; PCB-related names, traditional Chinese medicine and oil & gas
outperformed. Internet stocks slid: Meituan (03690.HK) -3.51%, NetEase-S
(09999.HK) -2.89%, Bilibili (09626.HK) -2.19%. EV makers were weak: BYD Co.
(01211.HK) -3.20%, NIO-SW (09866.HK) -3.17%, Leapmotor (09863.HK) -0.09%. Lenovo
Group (00992.HK) and SMIC (00981.HK) bucked the trend and rose.
