Hong Kong stocks extended losses in morning trading on Tuesday. The Hang Seng Index fell 0.8%, while the Hang Seng Tech Index dropped 1.6%.
Z.AI fell 11%; MiniMax fell 10%; Bilibili, JD.com, Kuaishou, Meituan, and Xiaomi fell 3%; Li Auto, NIO, NetEase, Tencent, and Pop Mart fell 2%; Alibaba fell 0.8%.