Hong Kong's Hang Seng Index closed down 13.22%, and the Hang Seng Technology Index fell 17.16%.

Hong Kong's Hang Seng Index fell 13.22%, falling below the 20,000-point mark; the Hang Seng Technology Index fell 17.16%. The day's turnover reached a record HK $621 billion. BYD Electronics fell more than 22%, Xiaomi Group and XPeng Motors fell more than 20%, Alibaba fell nearly 18%, JD.com Group fell more than 15%, Meituan fell nearly 15%, Tencent Holdings fell more than 12%.