In Hong Kong, the Hang Seng Index finished the trading session with a modest gain of 0.09%, in contrast to the Hang Seng Tech Index, which ended 1.21% lower. The day’s trading saw a mixed performance among leading technology and internet stocks. Notably, Xiaomi Corporation surged nearly 5%, and Meituan also posted gains, rising close to 2%. On the flip side, Baidu Group witnessed a steep decline, plummeting over 11%, while Alibaba’s shares fell nearly 2%. The sectors focused on optical communication, semiconductors, and PCB concepts were at the forefront of the downturn, with numerous stocks in these areas suffering substantial losses.