Hong Kong stocks open: Hang Seng Index down 1.97%, Hang Seng Tech Index down 2.42%

Hong Kong stocks opened lower, with the Hang Seng Index down 1.97% and the Hang Seng Tech Index down 2.42%. Tech stocks opened lower again, with Baidu Group-SW down 4.33%, Alibaba-W down 3.82%, and Bilibili-W down 3.29%. NIO-SW opened higher by 2.02%, marking the company’s first quarterly profit in eleven years since its founding.

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