Hang Seng Index Opens Down 1.58%, Hang Seng Tech Index Falls 3.11%

According to 36Kr, the Hang Seng Index opened down 1.58% and the Hang Seng Tech Index fell 3.11%. The optical communication sector led the declines, with Changfeng Optical Fiber Cable, Zhongji Innolight, and Cambridge Innovation Technology dropping more than 10%. Tech stocks weakened overall, with Baidu Group and Bilibili falling more than 4% and Alibaba down more than 3%. The oil and petrochemical sector posted gains at the forefront, with Shandong Molong rising more than 5% and CNPC International Energy up more than 1%.