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Hong Kong stocks declined on the year’s first trading day to mark their worst new-year start since 2019 amid weak sentiment on tech shares and ongoing concerns about the financial health of Chinese developers. The benchmark Hang Seng Index closed 0.5 percent lower, reversing from an earlier gain of as much as 0.9 percent. The gauge had risen in the first trading session in each of the last two years and dropped by 2.8 percent in 2019. Alibaba Group Holding Ltd (阿里巴巴) slumped 3.3 percent, the most in nearly a month, to rank among the gauge’s biggest decliners amid concerns that some

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