SHANGHAI – Hong Kong’s benchmark was dragged lower by plunging tech shares.
At the close of trade, the Hang Seng Index was down 523.60 points or 2.54 percent to 20,120.68, tracking a sell-off on Wall Street overnight. The Hang Seng China Enterprises Index fell 2.68 percent to 6,899.19.
Tech firms led losses in Hong Kong, falling 3.98 percent, with Tencent Holdings slumping 6.51 percent in its biggest daily drop since mid March.
Tencent said on Wednesday that its quarterly profit halved from a year ago and revenues stagnated.