U.S. stocks continued to rebound overnight, with tech stocks including AI-related shares regaining strength, attracting capital inflows into U.S. equities and weakening capital flow into Hong Kong stocks. After opening higher yesterday only to reverse lower, the Hang Seng Index extended its decline this morning. Weak blue-chip stocks such as Lenovo (00992) and CATL (03750) continued to be sold off, while major heavyweight stocks also suffered setbacks, with the Hang Seng Index widening its losses to 500 points within half an hour of trading.

　　Technology and internet stocks came under broad pressure; Alibaba (09988) dropped 5.5%, breaking its key support level, at HK$98; Tencent (00700) fell 2.3% to HK$384.6; Xiaomi (01810) declined 2.8% to HK$26.04; Meituan (03690) dropped 2.7% to HK$72.7.

　　Lenovo Group (00992), which has been under selling pressure for consecutive days, fell another 5.9% to HK$24.46; CATL (03750) dropped 4.2% to HK$349.6, marking its seventh consecutive day of decline and accumulating a 29.4% drop.

　　Currently, the Hang Seng Index stands at 23,150, down 501 points or 2.1%, with main board turnover exceeding HK$41.4 billion. The Hang Seng China Enterprises Index is at 7,747, down 195 points or 2.5%. The Hang Seng Tech Index is at 3,864, down 130 points or 3.3%.
 

Top 10 worst-performing blue-chip stocks

Stock (Code)	Current Price (HK$)	Change (%)
Lenovo Group (00992)	24.46	Down 5.92%
Alibaba (09988)	98.00	Down 5.50%
CATL (03750)	349.60	Down 4.17%
NetEase (09999)	186.00	Down 4.37%
Li Auto (02015)	43.9	Down 4.19%
SMIC (00981)	47.98	Down 3.96%
Laopu Gold (06181)	285.4	Down 3.78%
JD.com (09618)	99.05	Down 3.55%
New Oriental (09901)	46.32	Down 3.50%
Kuaishou (01024)	27.18	Down 3.07%

(hc)