The Hang Seng Index of Hong Kong fell by 1.12%, while the Hang Seng Tech Index dropped by 1.85%.

The Hang Seng Index fell by 1.12%, while the Hang Seng Tech Index dropped by 1.85%. Chip stocks saw a widespread decline, with Semiconductor Manufacturing International Corporation and Shanghai Fudan Microelectronics falling by more than 6%, and Hua Hong Semiconductor dropping by more than 5%. Stocks in the innovative pharmaceutical sector also saw a pullback, with Gan & Lee Pharmaceuticals falling by over 10% and Jiangsu Hengrui Medicine dropping by over 6%. The gold sector also experienced a decline, with Lingbao Gold and China Gold International falling by over 7%.