NetEase (NTES-S) saw its stock price plummet by 9.53% in pre-market trading, as Hong Kong's stock market opened sharply lower, with technology stocks bearing the brunt of the sell-off. The significant drop in NetEase's shares aligns with the broader market trend, particularly in the tech sector.

The Hang Seng Index fell 9% at the open, while the Hang Seng Tech Index, which includes many of China's prominent technology companies, declined by a staggering 11%. This downturn in the Hong Kong market, especially in tech stocks, provides context for NetEase's sharp decline.

Other major Chinese tech companies also experienced substantial losses. Alibaba, BYD, and Nio all fell 13%, while Xiaomi dropped 12%. Tech giants Tencent and JD.com, along with electric vehicle maker XPeng, saw their shares decline by 11%. The food delivery platform Meituan also suffered, with its stock falling 8%. This widespread decline across the tech sector indicates a broader market sentiment affecting NetEase and its peers.