HSI Slips 138 Pts; MEITUAN-W, BABA-SW Drop

$Hang Seng Index (800000.HK)$ opened lower by 138 pts or 0.88% at 17,934. $Hang Seng China Enterprises Index (800100.HK)$ opened lower by 46 pts or 0.7% at 6,417. $Hang Seng TECH Index (800700.HK)$ opened lower by 15 pts or 0.4% at 3,639.

$MEITUAN-W (03690.HK)$ declined to comment on the news of its proposed bond issuance of more than US$1 billion. $MEITUAN-W (03690.HK)$ fell 1.5% at $115. In June, 104 domestic games were approved in China, including $TENCENT (00700.HK)$ "Kingdom of Rocks: World" . TENCENT dipped 0.7% at $379.2 along with the rest of the market. $NTES-S (09999.HK)$ added 1.9% at $144.5. $NVIDIA (NVDA.US)$ rebounded, whereas as HK-listed chip stocks $SMIC (00981.HK)$ and $HUA HONG SEMI (01347.HK)$ lifted 1.4% and 2.3%.

For other techs, $BABA-W (09988.HK)$ sank 1.3% at $71.7. $XIAOMI-W (01810.HK)$ faded 1.1%. $KUAISHOU-W (01024.HK)$ and $JD-SW (09618.HK)$ reduced 1.8% and 2%. $BIDU-SW (09888.HK)$ dropped 0.3%.