[Hang Seng Index drops 1.89%, Alibaba (09988.HK) closes down 8.54%] Golden Finance reports that at the close of Hong Kong stocks, the Hang Seng Index fell 1.89%, and the Hang Seng Tech Index closed down 3.61%; Alibaba (09988.HK) closed down 8.54% for the day; Zhihu (02513.HK) and MINIMAX-W (00100.HK) both closed down over 10%.