Hang Seng Index closes down 1.27%, tech index falls 2.04%

TREE NEWS update: Hong Kong’s Hang Seng Index closed down 1.27%, while the Hang Seng Tech Index fell 2.04%. Among the decliners, Zhipu dropped about 10%, Qunhe Technology fell about 11%, MINIMAX declined about 9%, Xizhi Technology slipped about 7%, Kaisa Group lost about 6%, Sino-Ocean Group fell about 9%, Bloks dropped about 5%, and NIO declined about 5%.