Hong Kong stocks close: Hang Seng Index down 0.98%, Hang Seng Tech Index down 1.41%

NIO-SW fell 3.02%, XPeng Group-W fell 3.11%, NetEase fell 3.34%, Li Auto-W fell 3.36%, Meituan-W fell 3.51%, BYD Company fell 3.82%, and Budweiser APAC fell 4.44%.