Hang Seng Index opens lower by 212 points, technology stocks soften
The Hang Seng Index started the day down by 212 points or 0.8%, closing at 26,272 points; the H-share index fell by 77 points or 0.82%, to 9,366 points; while the technology index dropped by 61 points or 0.96%, settling at 6,317 points.
In the tech sector, Tencent saw a decline of 0.7%; Alibaba dropped by 2%; Meituan fell by 1.2%; Xiaomi Group was down by 0.7%; JD.com Group experienced a 1.6% decrease; and Kuaishou dropped by 0.1%.
Financial stocks exhibited softness, with HSBC Holdings falling by 1.1%; AIA Insurance down by 0.4%; China Ping An declining by 0.7%; and Hong Kong Exchanges and Clearing dropping by 0.5%.
Horizon Robotics, a company involved in robotics technology, saw its stock prices decrease by 5.4%.
Source: Dimsumdaily.hk