$HKEX (00388.HK)$ why dropping so much?

Morning traders, Happy Monday. The market is open and moving somewhat slowly, but my name is Kevin Travers, and here are your morning moving stocks and stories from the herd on Wall St. today.
$McDonald's (MCD.US)$ reported a triple miss with second-quarter results Monday, as profit and revenue fell below expectations. Comparable sales fell, despite higher prices, and not enough customers journeyed to the gold...

$XIAOMI-W (01810.HK)$ Trash stock, Mau Lin Yong in Hong Kong.

Market Summary 9th July
A lackluster testimony by Fed Chairman Powell and a few other minor triggers left the markets directionless, with the major indexes ending the day with slight gains. However, beneath the surface, it was a different story. The majority of stocks declined, and we saw an increase in net lows on both the $NASDAQ (NASDAQ.US)$ and $NYSE (NYSE.US)$. From a qualitative standpoint, it was a challenging day for the market. Several leading stocks like $NVIDIA (NVDA.US)$ and ...

$Alibaba (BABA.US)$ Don't tell me that it's the same story today too. Rise in the first 15 minutes and fall throughout the day.