Hang Seng Tech Closes Down 2.72%, Semiconductor Sector Leads Decline

36Kr reports that the Hang Seng Index closed down 1.03% and Hang Seng Tech fell 2.72%; the semiconductor sector led the decline, with Lanqi Technology down over 11%, Nanxinwei down over 8%, and GigaDevice down over 5%; hardware equipment stocks were among the biggest losers, with Yangtze Optical Fibre and Cable down over 13% and Jiangbolong down over 8%; large model stocks also fell, with Lenovo Group down over 14%, MINIMAX down over 12%, and Zhipu down over 10%; daily consumption and banking sectors led gains, with ICBC, China Construction Bank, and JD Health up over 1%; southbound funds net sold HK$5.08 billion.