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[Hong Kong stocks closed: Hang Seng Technology Index fell more than 2%, Alibaba fell nearly 7%] On November 12, the Hang Seng Index closed down 1.26%, and the Hang Seng Technology Index closed down 2.36%. Heavyweight technology stocks collectively fell, with Alibaba falling nearly 7%, and Tencent and Baidu falling more than 2%. Optical communication stocks pulled back, with YOFC Optical Fiber and Cable falling by more than 6%, Zhongji InnoLight falling by nearly 4%, and Cambridge Technology falling by nearly 6%. Pharmaceutical stocks bucked the trend and rose, with Asymchem rising by more than 1%, Zhaoyan New Drug rising by nearly 2%, and WuXi AppTec rising by more than 2%.
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