Hong Kong stocks fall 3% in AI tech rout

Hong Kong stocks fell more than three percent on Thursday as technology companies joined an Asia-wide selloff linked to worries about the artificial intelligence investment boom.

The Hang Seng Index was down 3.1 percent at 22,923.18 in afternoon trade. Alibaba fell more than six percent, JD.com lost more than four percent and NetEase was down nearly seven percent.