The Hong Kong stock market experienced a significant decline on Monday, with the Hang Seng Index falling by 1.57% and the Hang Seng Tech Index down by 2.37%. Key tech stocks such as NetEase and Alibaba saw substantial drops, with NetEase falling over 4% and Alibaba down by 3%. NIO led the decline among tech components, falling nearly 6%. Bilibili fell 5%, JD.com declined 2%, SMIC dropped 2.15%, and China Traditional Chinese Medicine Holdings fell 35%. Mainland China's SSE Composite Index also erased early gains.