Hong Kong Stocks Midday: Hang Seng Index Falls 0.53%, Hang Seng Tech Index Drops 0.91%

36Kr reports that Hong Kong stocks closed lower at midday, with the Hang Seng Index down 0.53% and the Hang Seng Tech Index falling 0.91%. Major tech internet stocks broadly declined, with Alibaba dropping 3.05%, Baidu Group down 2.21%, and Meituan and Xiaomi Group each falling more than 1%. Biopharmaceutical stocks also fell across the board, with Hap Medicine down over 7%, CanSino Biologics nearly 6%, and Junshi Biosciences more than 4%.