Hong Kong stocks closed lower. The Hang Seng Index fell 0.51% to 23,496.89; the Hang Seng Tech Index declined 0.75% to 4,507.04. Turnover was HKD 319.7bn. Markets opened weak, saw a brief morning bounce and slid in the afternoon. Sector moves: innovative drugs and memory/storage names fell, banks outperformed, tech showed selective strength. Notable movers: Longpan Technology (02465.HK) +8.0%, Nobikan (02635.HK) +7.7%, Zhipu (02513.HK) +5.2%, Meituan (03690.HK) +4.5%, Tencent (00700.HK) +2.0%; K

Hong Kong stocks closed lower. The Hang Seng Index fell 0.51% to 23,496.89; the Hang Seng Tech Index declined 0.75% to 4,507.04. Turnover was HKD 319.7bn. Markets opened weak, saw a brief morning bounce and slid in the afternoon. Sector moves: innovative drugs and memory/storage names fell, banks outperformed, tech showed selective strength. Notable movers: Longpan Technology (02465.HK) +8.0%, Nobikan (02635.HK) +7.7%, Zhipu (02513.HK) +5.2%, Meituan (03690.HK) +4.5%, Tencent (00700.HK) +2.0%; Kuaishou (01024.HK) - >12%, GigaDevice (03986.HK) - >12%, Montage Technology (06809.HK) - >10%, Yangtze Optical Fibre & Cable (06869.HK) -7.7%, Kingboard Laminates (01888.HK) and Kingboard Holdings (00148.HK) - >5%.