Hong Kong stocks extend losses as year-end trading thins

Hong Kong shares edged lower on Tuesday as trading activity thinned toward year-end, limiting near-term upside for the market.

The benchmark Hang Seng Index opened down 80 points at 25,547, while the Hang Seng Tech Index slipped 30 points, or 0.56 percent, to 5,467.

Technology stocks were broadly weaker amid lingering concerns over the outlook for artificial intelligence plays. Alibaba (9988) fell 1.1 percent, Tencent (0700) slipped 0.08 percent, Meituan (3690) lost 0.7 percent, JD.com (9618) declined 0.3 percent, and Xiaomi (1810) dropped 1.3 percent, while Baidu (9888) fell 1.5 percent.