Press Releases in Hong Kong

HK’s Hang Seng Tech Index hits record low after diving over 4%

HONG KONG – Hong Kong's Hang Seng Tech Index dived over 4 percent during Wednesday's trading after opening lower at 5,501.75 points, down from 5,581.9 points.

The index, which represents the 30 largest technology companies listed in Hong Kong, lost 4.63 percent to close at a record low of 5,323.47 points.

Chinese e-commerce giant Meituan and popular video streaming and sharing platform Bilibili shed over 10 percent on Wednesday. Other top losers include e-commerce heavyweight and short video app Kuaishou, which lost over 7 percent.

The broader Hang Seng Index closed 1.64 percent lower at 22,907.25 points.

The Hang Seng China Enterprises Index, a benchmark that reflects the overall performance of the Chinese mainland securities listed in Hong Kong, lost 2.01 percent to end at 8,015.7 points.