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Hang Seng Index Narrows Losses to 300+ Points by Afternoon; Tech Stocks Weaken

GateNews
Indices
HK50-1.46%
HSCHKD-1.60%
BAIDU-0.62%
BABA0.05%
As of 1:32 p.m., the Hang Seng Index fell to 22,705 points, down 371 points or 1.61%, narrowing losses from earlier lows. The index broke below the 23,000-point level after opening lower today and fell as much as 558 points during morning trading before afternoon buying pressure eased declines. The National Index dropped 1.71% to 7,478 points, while the Tech Index fell 2.91% to 4,277 points, with major tech names including Baidu, JD.com, and Alibaba posting losses of 2-5.3%.
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