On July 24, the Hong Kong Hang Seng Index experienced a downturn, opening 1.1% lower. The Hang Seng Tech Index also took a hit, dropping 1.85%. Notably, NIO's stock plummeted by over 3%, Alibaba's shares dipped nearly 3%, and XPeng, Kuaishou, Meituan, and Xiaomi Corporation all witnessed a decline exceeding 2%.
