BILIBILI-W (09626) experienced a sharp decline in the intraday trading session, plummeting 5.01% as Hong Kong stocks slid to a four-month low. The steep drop in BILIBILI-W's stock price aligns with the broader downturn in the Hong Kong tech sector, with the Hang Seng Tech Index falling 2.4%.

The sell-off in Hong Kong stocks, particularly in the tech sector, has been primarily attributed to growing investor concerns over US President Donald Trump's impending reciprocal tariffs. Trump's announcement that he plans to start his tariff push with "all countries" has heightened fears of escalating trade tensions between the US and China. This geopolitical uncertainty has led to a widespread retreat in Hong Kong-listed tech stocks, with companies like Nio, Kuaishou, and Xiaomi falling 4%, while giants such as Alibaba and Tencent declined by 3%.

Despite positive news about China's manufacturing industry expansion and the government's efforts to recapitalize the banking sector, these factors were insufficient to offset the negative sentiment driven by trade war concerns. As a prominent player in the Chinese tech and entertainment sector, BILIBILI-W's significant drop reflects the market's overall apprehension about the potential impact of heightened US-China trade frictions on tech companies' operations and growth prospects.