Alibaba Group is trading 3.47% down at HK$102.90, amid broader pressure on Chinese technology shares. - Investors are weighing higher oil prices, elevated U.S. yields and uncertainty ahead of a holiday break; no new Alibaba-specific catalyst for October 2 is identified. - A separate September 23 report linked a 4.2% fall to a probe involving DeepSeek and Moonshot, but does not establish the cause of this session’s move. - Supplied U.S. index figures were flat and do not independently explain the decline.