Hang Seng Index falls below 24,000 as tech shares weigh
Hong Kong shares fell sharply by noon on 15 October, with the Hang Seng Index dropping 1.47 per cent to 23,955 points. The decline was led by tech shares, as the Hang Seng Tech Index slid 2.94 per cent and mainland indices also fell.
Hong Kong shares saw losses widen by the midday break on Thursday, weighed down by tech shares. The benchmark Hang Seng Index dropped 358 points, or 1.47 per cent, to 23,955 points by noon, according to The Standard.
The half-day market turnover was HK$113.7 billion. The Hang Seng Tech Index slid 2.94 per cent to 4,051 points at noon, underscoring the drag from technology stocks.
In the mainland, the Shanghai Stock Exchange Composite Index decreased 1.98 per cent to 3,692 points, and the Shenzhen Stock Exchange Component Index declined 2.78 per cent to 11,773 points.