Hang Seng Opens Down 1.15% at 24,985.18 as Tech Index Falls 1.39%

The weakness is concentrated in tech and consumer-facing names rather than spread evenly, with NIO's outsized drop and declines across Alibaba and Trip.com pointing to pressure on growth and platform exposure. That matters because these are the index heavyweights that tend to set Hong Kong's risk tone, so their underperformance can weigh on sentiment beyond the tech gauge itself. Whether the selling stays confined to these leaders or broadens into the wider market is the open question to watch.