Hong Kong stock markets closed with a broad decline. The Hang Seng Index fell by 0.76%, the Hang Seng China Enterprises Index dropped by 0.84%, the Hang Seng Tech Index plunged by 2.04%, and the Hang Seng China-Affiliated Corporations Index decreased by 0.35%.

Sector-wise, gold stocks showed strong performance, with ZIJIN MINING up 3.47%, SD GOLD up 2.20%, and CHINAGOLDINTL rising 3.59%. Meanwhile, auto stocks also performed well, led by GWMOTOR surging 12.65%, LEAPMOTOR up 3.61%, and NIO-SW gaining 5.52%. On the other hand, SaaS stocks and internet healthcare stocks were among the weakest performers, with significant declines across the board.

In individual stock movements, DOBOT soared 27.5% after being added to the Southbound Stock Connect list, which is expected to enhance its market recognition and trading liquidity. Additionally, the company unveiled its innovative humanoid robot, further boosting investor confidence.

GWMOTOR rose 12.65% as Hong Kong's EV shares rallied following ambitious policy proposals from auto executives during China's National People's Congress, aiming to solidify China's leadership in the electric vehicle market.

NIO-SW gained 5.52% amid the broader rally in EV stocks, driven by discussions on smart mobility and regulatory advancements during the National People's Congress.

BABA-W edged up 0.90% after announcing a strategic partnership with MANUS to develop functionalities based on the Tongyi Qianwen open-source model, signaling progress in AI and domestic computing platforms.