Hong Kong shares experienced a decline, with the Hang Seng Index dropping 196 points to under 24,000. The Hang Seng Tech Index also fell, affected by losses from major companies like Alibaba, Tencent, and Baidu. Chipmakers struggled, missing out on a US AI rebound, with local firms showing declines. In the financial sector, HSBC and AIA dropped significantly. However, some companies like Hansoh Pharmaceutical and WuXi Biologics showed resilience, reporting gains despite the overall market
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