The Hang Seng Tech Index has fallen below the 4700-point mark, currently down nearly 2%. During the session, it hit a low of 4674.47 points, marking its lowest level since April 8th of this year.

Among the index's constituent stocks, Zhipu AI shares are down more than 9%, Lenovo Group Ltd shares have fallen close to 9%, Minimax shares are down over 7%, and NIO Inc shares have declined more than 6%.