Hong Kong stocks dipped slightly on Monday, though trading volume exploded to HK$400 million following President Xi Jinping's meeting with leaders of the country's top tech companies.

The benchmark Hang Seng Index closed 0.02 percent or 4 points lower to 22,616 by the end of the day, with the main board's turnover surging to HK$400.2 billion.

The blue-chip index failed to maintain the 22,977 points seen in the morning – the highest in more the four months – on extended optimism over tech shares, which had driven the indicator to end higher for five consecutive weeks.

Following a drop to as low as 22,319 points in the afternoon, the indicator rallied about 1 percent after China’s state broadcaster CCTV released the video of Xi meeting with leaders of Alibaba (9988), Huawei, Xiaomi (1810), BYD (1211) and other mainland tech giants.