Hang Seng Index closes down 0.9%, Hang Seng Tech falls 1.26%

The dispersion here is the story: a modest headline decline in Hong Kong equities masks far sharper single-stock moves, with Manycore Tech and CATL falling well beyond the index-level losses while Pop Mart and Laopu Gold slipped more modestly. That pattern points to company-specific pressure rather than a broad risk-off sweep, though the tech gauge's larger drawdown suggests growth names carried more of the weight. The open question is whether these outsized decliners stabilize on their own or drag the wider index lower in coming sessions.