HK Stocks Extend Losses. HSTECH Falls 1.85%; 51World down 11%; Biren Tech down 9%; XPeng down 6%; Alibaba, Iluvatar Corex down around 5%; MiniMax, Samsung-related ETF down over 3%.
Chip Stocks Sink. SMCI Down 18%; Wolfspeed Down 11%; Himax Down 10%; SOXL Fell 9%; On Semi, Navitas, Western Digital And Qualcomm Down 6%; Broadcom And UMC Fell 5%