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The Hang Seng Index opens down 1.09% down, the Hang Seng China Enterprises Index down 1.1% and the Hang Seng Tech Index down 1.5%.
Technology heavyweights are lower across the board, with NetEase, Xiaomi, JD.com, Baidu, Kuaishou and Meituan sliding more than 2%, Alibaba and Tencent down more than 1%. Gas suppliers, mobile phone component companies and automakers are mostly higher.
Mainland property developers are trading higher and biotech companies are also outperforming.
China Ruyi, a Tencent-backed film and gaming companies opens nearly 8% higher after it announced acquisition of 49% stake in Beijing Wanda Investment, a unit of Dalian Wanda Group, for 2.26 billion yuan.
The Shanghai Composite Index opens down 0.32%, the Shenzhen Component Index down 0.36% and the tech-heavy Chinext Price Index down 0.69%.
Property developers and infrastructure companies stage a strong rally and stocks of companies on the real estate supply chain are also trading higher. The State Council has approved guidelines on transforming underdeveloped areas in megacities as part of effort to bolster the economic recover. Gas suppliers, paper producers and medical equipment companies are also outperforming.
E-commerce companies, hotels, catering companies, agriculture companies, precious metal companies and automakers are leading the losses.