Hong Kong stocks closing review: Hang Seng Index fell by 1.20%, Hang Seng Technology Index fell by 2.48%

Hong Kong stocks closed with the Hang Seng Index falling 1.20% and the Hang Seng Technology Index dropping 2.48%. The Hong Kong stock technology ETF closed down 2.18%, while the Hang Seng Hong Kong share ETF closed down 1.33%. Xiaopeng Motors fell more than 5%, NetEase and Nio fell more than 4%, and Bilibili fell more than 3%.