Hong Kong Stocks Fall at Midday; Hang Seng Down 1%, Alibaba Slides Over 3%

Hong Kong stocks declined at midday, with the Hang Seng Index falling 1% and the Hang Seng Tech Index dropping 0.76%. Internet and technology shares broadly weakened, with Alibaba losing more than 3%, while Tencent Holdings, Baidu Group, and JD. com each fell over 2%.