tumble on Monday.By Tuesday afternoon in Hong Kong, shares of Chinese tech giant Tencent fell 4.98% while Alibaba dropped 4.16% and Meituan declined 10.61%. The Hang Seng Tech index slipped 3.17%.The broader Hang Seng index in Hong Kong fell 1.03%, seeing further losses after a more than 4% plunge on Monday on the back of regulatory fears surrounding China’s technology and private education sector.Mainland Chinese stocks rose, with the Shanghai composite up 0.14% while the Shenzhen component hovered above the flatline. Industrial firms’ profits in China jumped 20% year-on-year in June, official data showed Tuesday. Still, that was a decline from the 36.4% year-on-year increase seen in May.Elsewhere, the Nikkei 225 in Japan gained 0.53% while the Topix index advanced 0.67%. South Korea’s Kospi traded 0.61% higher.In Australia, the S&P/ASX 200 climbed 0.55%.MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.43%.cnbc.com