Hong Kong stocks dropped as investors weighed a leadership crisis at Nvidia that sent shares of the chipmaker at the heart of this year’s artificial-intelligence boom tumbling in after-hours trading.

The Hang Seng Index and the Hang Seng Tech Index both fell more than 1%.

Z.AI, JD.com, and Li Auto fell 4%; Alibaba and Minimax fell 3%; NIO, Bilibili, Kuaishou, Pop Mart, XPeng, NetEase, CATL, BYD, Baidu, and Tencent fell 2%; Meituan fell 1%.