From Malay Mail · · 40s
Hong Kong Stocks Drop 3.1% in Tech Selloff
Hong Kong stocks plunge 3.1% as tech giants fall amid Asia-wide market fears.
In brief
Hong Kong stocks plunge 3.1% as tech giants fall amid Asia-wide market fears. Hong Kong stocks dropped 3.1% Thursday due to tech sector losses from Alibaba, JD.com, and NetEase. Originally reported by Malay Mail.
Hong Kong Stocks Drop
Hong Kong stocks fell more than three per cent Thursday amid an Asia-wide selloff.
Hang Seng Index Dives 3.1%
The Hang Seng Index dropped 3.1 per cent to 22,923.18 in afternoon trade.
Alibaba Falls 6.1%
Chinese ecommerce giant Alibaba shed more than six per cent in the selloff.
JD.com and NetEase Drop
Rival JD.com fell more than four per cent while NetEase dropped nearly seven per cent.
The essence
Hong Kong stocks dropped 3.1% Thursday due to tech sector losses from Alibaba, JD.com, and NetEase.
