Hong Kong stocks closed lower: the HSI fell 1.76% and the Hang Seng Tech Index dropped 3.41%. Market turnover was HKD 342.1 billion. Biggest sector declines were among newly listed AI names, chipmakers, memory stocks and optical-communications firms; pork, property and gaming-software stocks outperformed. Key movers: Biren Technology (06082.HK) down >16%; Zhipu Technology (02513.HK) and Yangtze Optical Fibre & Cable (06869.HK) down ~13%; Sunny Optical Technology (02382.HK) down >9%; Jinli Perman

Hong Kong stocks closed lower: the HSI fell 1.76% and the Hang Seng Tech Index dropped 3.41%. Market turnover was HKD 342.1 billion. Biggest sector declines were among newly listed AI names, chipmakers, memory stocks and optical-communications firms; pork, property and gaming-software stocks outperformed. Key movers: Biren Technology (06082.HK) down >16%; Zhipu Technology (02513.HK) and Yangtze Optical Fibre & Cable (06869.HK) down ~13%; Sunny Optical Technology (02382.HK) down >9%; Jinli Permanent Magnet (06680.HK) down >8%; J&T Express (01519.HK) up >4%; Muyuan Foods (02714.HK) up ~4%; NetEase-S (09999.HK) up >3%.