Hong Kong's Three Major Indices Drop Over 1% on May 5, Dragged Down by Tech Stocks

On May 5, Hong Kong's three major stock indices opened lower and continued to decline throughout the day, all closing down by more than 1%. Among constituents of the Hang Seng Tech Index, Horizon Robotics, Sunny Optical Technology, and Leapmotor fell by over 3%, while BYD, Tongcheng Travel, and Kingsoft declined by more than 2%.