Hong Kong stocks’ early fall narrowed by midday, boosted by Chinese tech stocks including Kingsoft Cloud (3896) which surged 34.5 percent.

The Hang Seng Index dipped by 0.74 percent or 149 points to 20,075 points as of midday, with a turnover of HK$78.7 billion.

Alibaba (9988) gained over 5 percent and Semiconductor Manufacturing International Corporation (0981) rose 7.63 percent. Kingsoft Cloud stood at HK$8 apiece after a 34 percent jump amid the extending frenzy in China's artificial intelligence breakthrough courtesy of DeepSeek.

The Hang Seng Tech Index was down 0.67 percent to 4,691 points by midday.