On October 8, the Hong Kong stock market sustained its downward trajectory, with the Hang Seng Tech Index experiencing a drop exceeding 2% and the Hang Seng Index witnessing a decline of 1.47%. Notably, Baidu Group saw its shares plummet by over 4%, while Alibaba and SMIC (Semiconductor Manufacturing International Corporation) both tumbled more than 3%. Additionally, Meituan and JD.com also faced significant losses, with their shares dropping by over 2%.