At the close of trading in Hong Kong, the Hang Seng Index index fell 1.17%, and the Tech Index closed down 1.05%. Most tech stocks ended lower, with Lenovo Group (00992.HK) dropping more than 5%,Sunny Optical Technology (02382.HK) fell more than 4%, and Baidu (09888.HK) fell more than 3%. Zhipu (02513.HK) closed up about 13% on its first day of trading.