The Hang Seng Tech Index fell over 1%, Kuaishou dropped over 4%, while XPeng and BYD fell over 3%.

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On October 3, at the opening of the Hong Kong stock market, the Hang Seng Index opened down 0.24%, and the Hang Seng Tech Index dropped 0.44%. During the session, the Hang Seng Tech Index's decline widened to 1.1%.

On the board, most sectors such as tech internet stocks and automobiles fell. Kuaishou dropped more than 4%, XPeng Motors and BYD shares dropped more than 3%, Alibaba rose 1%, SMIC rose 0.8%. Yunfeng Financial rose 10% after announcing a strategic investment in global crypto life insurance company Anthea and a strategic partnership with it.

Alibaba continued yesterday’s gains at the opening, rising more than 1%.

SMIC opened up more than 1%, marking a new all-time high.

Non-ferrous metals stocks collectively pulled back, with Tianqi Lithium and Zijin Mining dropping more than 2%, and China Silver Group falling nearly 3%.

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