Hong Kong stocks open lower on Friday, with the benchmark Hang Seng Index down 0.51%, the Hang Seng China Enterprises Index down 0.51% and the Hang Seng Tech Index down 0.58%.
Technology heavyweights continue to slide, with Alibaba Group down 2%, Meituan, Tencent, Baidu and NetEase down more than 1%. Cement producers, building material suppliers, sports goods makers and casino operators are also lower.
New energy vehicle makers are rebounding after a sell-off one day earlier, with Li Auto up 2.4%. Online healthcare companies, gas distributors and catering companies are trading higher.
Chinese A-shares open slightly lower, with the benchmark Shanghai Composite Index down 0.07%, the Shenzhen Component Index down 0.08%, and the tech-heavy Chinext Price Index up 0.06%.
Coal miners, oil companies, tourism companies and aerospace companies are leading the losses, while logistics companies, transportation equipment companies, building material makers are outperforming.