HSI Opens 189 pts Down; Techs Wane as HSBC Stabilizes Amid Falling Mkt

Hong Kong stocks opened lower in the morning. $Hang Seng Index(800000.HK)$ opened 189 points or 1% lower at 18,826, $Hang Seng China Enterprises Index(800100.HK)$ opened 76 points or 1.2% lower at 6,323, and $Hang Seng TECH Index(800700.HK)$ opened 64 points or 1.6% lower at 4,064.

For technology stocks, $BABA-SW(09988.HK)$ started 1.3% lower at $88.5, as $TENCENT(00700.HK)$ opened 1.7% lower at $330.6. $MEITUAN-W(03690.HK)$ , $XIAOMI-W(01810.HK)$ , $JD-SW(09618.HK)$ , $BIDU-SW(09888.HK)$ and $NTES-S(09999.HK)$ each opened down 2% to 2.8%. $BILIBILI-W(09626.HK)$ opened declining 4.2%.

For financial stocks, $HSBC HOLDINGS(00005.HK)$ opened incrementing by 0.4% at $63.2, while $HKEX(00388.HK)$ and $AIA(01299.HK)$ opened declining by 0.9% and 0.6%.