Hang Seng closes down 1.32%, Hang Seng Tech down 1.52%

The dispersion within the selloff is the notable detail: a roughly 25% single-stock drop alongside double-digit declines in Lenovo and Zijin Gold points to stock-specific pressure layered on top of broad index weakness, rather than a uniform macro move. The mix of a tech hardware name, a gold miner and data-center and battery players falling together suggests the drawdown cut across sectors, with Manycore's outsized move standing apart from the rest. Whether that outlier reflects company-specific news or thin liquidity is the open question worth watching.