HSI Drops 136 pts at Open; SENSETIME Slumps 4.5%, as Chip & Tech Stocks Retreat
Hong Kong stocks opened lower in the morning. $Hang Seng Index(800000.HK$ opened 136 points or 0.7% lower at 18,199. $Hang Seng China Enterprises Index(800100.HK$ opened 55 points or 0.8% lower at 6,500. $Hang Seng TECH Index(800700.HK$ opened 47 points or 1.3% lower at 3,720.
$SENSETIME-W(00020.HK$ opened plummeting 4.5% at $1.26 after raising nearly $2 billion in a 9.1% discounted share placement.
For other tech stocks, $BABA-SW(09988.HK$ , $TENCENT(00700.HK$ , $XIAOMI-W(01810.HK$ , $JD-SW(09618.HK$ and $KUAISHOU-W(01024.HK$ opened dropping 0.9% to 1.3%, while $NTES-S(09999.HK$ , $BIDU-SW(09888.HK$ , and pickypiki $BILIBILI-W(09626.HK$ opened retreating 2% to 2.4% lower. $MEITUAN-W(03690.HK$ opened down 0.2% at $119.7.
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Spinee OP : China's benchmark index Shanghai Composite Index $SSE Composite Index (800146.HK)$ opens down by 0.24% on Friday morning, dropping below the key 3,000 mark, erasing the gains since March 28.