HSI -2.0%, HSCE -2.1%, CSI300 +0.6% FTSE China A50 +1.1%
May 11 (Reuters) - Hong Kong stocks fell on Tuesday to a seven-week low, tracking an overnight tech sell-off on the Wall Street, while persistent anti-monopoly fears also weighed on tech giants listed in the Asian financial hub.
The Hang Seng index fell 2.0% to 28,013.81, lowest closing since March 25, while the China Enterprises Index lost 2.1% to 10,431.55 points.
Leading the retreat, the Hang Seng tech index slumped as much as 4.5% to a six-month low before ending down 3%, dropping more than 30% from a record high hit on Feb. 18.
Tech giants Tencent and Alibaba slipped 1.8% and 3.5%, respectively.
HK->Shanghai Connect daily quota used -5.4%, Shanghai->HK daily quota used 4.7% FTSE China A50 +0.3%
SHANGHAI, May 11 (Reuters) - Hong Kong stocks fell sharply on Tuesday, tracking an overnight tech selloff on the Wall Street, while persistent anti-monopoly fears also weighed on tech giants listed in the Asian financial hub.
The Hang Seng index dropped 2.2% to 27,982.21, while the Hong Kong China Enterprises Index lost 2.4%, to 10,398.45.
Leading the retreat, the Hang Seng tech index slumped as much as 4.5% to a six-month low, dropping more than 30% from a record high hit on Feb 18.
Tech giants Tencent and Alibaba slipped 2.9% and 3.5%, respectively.
The retreat came after China’s State Administration for Market Regulation said on Friday that it would continue to promote rectification of platform companies.