Hang Seng Opens Down 0.8% at 24,121.40; Tech Index Falls 0.8%

The synchronized opening decline across both the broad Hang Seng and the tech gauge suggests the pressure is concentrated in the platform and consumer-tech names rather than a single sector-specific shock. Alibaba and NetEase leading the drop with steeper losses than Li Auto and JD.com points to the larger internet heavyweights absorbing the bulk of the selling. For RWA and digital-asset watchers, the read-across is indirect — Hong Kong tech sentiment often colors the regional risk backdrop that crypto markets track. Whether the weakness broadens beyond these names through the session is the open question.