Chinese technology stocks listed in Hong Kong slumped Thursday, taking their loss from a high in October to 20%, as investors reduced positions amid rising geopolitical risks and caution toward earnings.

Hong Kong's Hang Seng Index closed 1.45% lower at 20426.93 on Monday. The lack of clarity on Trump's next steps as U.S. president, and the lackluster fiscal plans by China means economic risks could persist,

Chinese stocks in Hong Kong declined after a high-profile legislative meeting let down some investors who had been hoping for large-scale stimulus to revive domestic demand and combat deflation.