HSI Down 272 pts; HSTI Down 80 pts; XIAOMI Down over 4%; BABA Down over 3%; TENCENT Up over 3%; HUISHANG BANK Hit New Highs
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At midday, the Hang Seng Index fell 272 points (1.1%) to 24,292, while the HSTI dropped 80 points (1.7%). Key movers included Xiaomi and Alibaba, which declined over 4% and 3% respectively, driven by significant short selling volumes. Conversely, Tencent rose over 3%, and Huishang Bank hit new highs. The market saw mixed performance with Lenovo Group falling nearly 10%.
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