At the midday close in Hong Kong, the Hang Seng Index fell 1.22% and the Hang Seng Tech Index dropped 1.13%. In terms of sector performance, defense, semiconductor, coal, and commercial space stocks led the gains, while Chinese brokerage, film and entertainment, food, and restaurant stocks saw the steepest declines.Lenovo Group (00992.HK) fell more than 5%, CITIC Securities (06030.HK) fell more than 4%, Baidu (09888.HK), NetEase Cloud Music (09899.HK), and Uni-President China (00220.HK) fell more than 3%,Nayuki Tea (02150.HK) fell more than 2%; Tianshu Zhixin (09903.HK) rose more than 11% on its first day of trading, while Huahong Semiconductor (01347.HK) rose more than 3%,CSIC Defense (00317.HK) rose nearly 4%, and Yankuang Energy (01171.HK) rose more than 2%.