HSI and Hang Seng Tech Index both fall

The Hang Seng Index fell by 1.26%, and the Hang Seng Technology Index dropped by 2.36%; technology, GEO, and PCB concepts led the decline, with Zhipu falling more than 9%, MINIMAX-W falling more than 7%, Alibaba and Shenghong Technology falling more than 6%, and Kuaishou falling more than 5%; the non-ferrous metals sector weakened, with Zijin Gold International falling more than 10% and Lingbao Gold falling more than 8%; pharmaceuticals and biotech, as well as banks, led the gains; southbound funds net purchased 5.846 billion Hong Kong dollars.