Hong Kong stocks dropped after two consecutive days of gains

Hong Kong stocks ended two consecutive days of gains, with the decline once widening to over 200 points.

The Hang Seng Index opened 114 points lower, or 0.44 percent, at 25,980. 

After briefly falling below 26,000, bears launched an offensive, pushing the index down as much as 231 points to a low of 25,863. As of 10:29 AM, the HSI was at 25879, down 215 points or 0.83 percent.

The tech index was down 65 points or 1.16 percent, at 5558.

Tech stocks weakened, with NetEase (9999) falling 3.2 percent and Kuaishou (1024) down 1.7 percent.

Alibaba (9988) dropped 1.6 percent and Tencent (0700) lost 1.1 percent.