The Hang Seng Tech Index, a benchmark for Chinese tech stocks listed in Hong Kong, has dropped 10% from its May high, entering correction territory. The index opened higher at +2.7% but is now down -1.22%. The Hang Seng Index (HSI) also saw fluctuations, initially up 1% but now down -0.50%, closing at 18,079.61 points, a decrease of 0.8%. Specific stocks within the index have shown varied performance, with Lenovo up approximately 10% since the May peak, while Li Auto has declined by 22% since May 20th. Additionally, the Hang Seng Mainland Banks Index has fallen more than 3%.
OOPS! Hang Seng Tech Index, the benchmark for Chinese tech stocks listed in Hong Kong, down 10% from May high, entering correction territory. Lenovo is bucking the trend, up ~10% since May peak, Li Auto biggest loser, down 22% since May 20th. https://t.co/G0cE58R8Sa
⚠️ HK’S HANG SENG INDEX <.HSI> CLOSES DOWN 0.8% AT 18,079.61 POINTS
Hang Seng Tech Index opened higher +2.7%. Now down -1.22% HSI was up 1% now down -0.50%. https://t.co/1M4aikgMcr
🇭🇰Hang Seng Tech Index dropped 10% from the May high, set for a correction. $HSI $KWEB $FXI $HXC https://t.co/hBYG4Gf8gw
HONG KONG HANG SENG TECH INDEX DOWN 10% FROM MAY HIGH, SET FOR CORRECTION
*HANG SENG TECH INDEX DOWN 10% FROM MAY HIGH, SET FOR CORRECTION
⚠️ HONG KONG'S HANG SENG MAINLAND BANKS INDEX <.HSMBI> DOWN MORE THAN 3%
⚠️ HK’S HANG SENG INDEX <.HSI> CLOSES DOWN 0.0% AT 18,821.16 POINTS
⚡Hang Seng Index $HSI rebounds by over 1% in the afternoon session. The Tech Index is also up 1.1%. Alibaba $BABA +1.5%, Meituan +1.9%. #Tencent -1.1%, $JD -1.4%. #China $KWEB $FXI $HXC https://t.co/gNHLBjoSSL