Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stocks continued to fall under pressure. Tencent Holdings opened nearly 4% lower, hitting the 600 Hong Kong dollar mark.
Baidu opened 9.09% lower and reported 228 Hong Kong dollars, a record low. The turnover temporarily recorded 77.8 million Hong Kong dollars.
Xiaomi Group fell 4.6%, and its revenue and net profit performance in 2020 fell short of market expectations.
JD.com and Meituan both fell more than 3%.