HK Stocks Fall. HSTECH Down Nearly 1%; InnoScience Surges 15%; SMIC up 11%; NIO Down 2%; Alibaba Down over 4%; JD.com Down 5%; XPeng Down 8%; Meituan Plunges over 12%
The price wars in the food delivery and electric vehicle (EV) sectors and AI chipmaker Nvidia’s downbeat outlook weighed on sentiment.