HSI Down 412 pts; HSTI Down 63 pts; PING AN Down over 3%; BABA Down over 3%; XIAOMI Down over 3%; KINGBOARD HLDG Hit New Highs
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At midday, the Hang Seng Index (HSI) fell 412 points (1.7%) to 23,900, while the HSTI dropped 63 points (1.4%) and HSCEI declined 161 points (2.0%). Major tech stocks including Ping An, Alibaba, and Xiaomi all dropped over 3%. Conversely, Kingboard Holdings hit new highs, rising nearly 6%.
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