Zhitong Financial APP learned that the Hang Seng Technology Index fell nearly 4% in the afternoon. As of press time, Li Auto Inc.-W (02015) fell 6.07% to HK $119.1; Sunny Optical (02382) fell 4.92% to HK $110.2; BABA-SW (09988) fell 2.9% to HK $87; Tencent (00700) fell 1.74% to HK $292.8.

On the news side, NVIDIA Corp issued a profit warning, saying that due to the continued weakness of the game industry, the company's revenue for the quarter would be more than $1 billion lower than previously expected. Micron Technology Inc lowered his guidance, saying sales for the quarter could be lower than expected because of weak demand. Jill Hall, an analyst at Bank of America, warned that a revision of earnings guidance could drag technology stocks lower.

In addition, according to CME Fed Watch, the probability of the Fed raising interest rates by 50 basis points by September is 36.5%, the probability of raising interest rates by 75 basis points is 63.5%, the probability of raising interest rates by 75 basis points by November is 21%, the probability of raising interest rates by 100bp is 52%, and the probability of raising interest rates by 125bp is 27%.