HSI Crashes 185 pts; LI NING Crumbles 11%

Hong Kong equities were unable to mimic the robust performance of the external markets this morning. At open, $Hang Seng Index(800000.HK)$ waned 185 pts or 1.1% to 16,149; $Hang Seng China Enterprises Index(800100.HK)$ fell 79 pts or 1.4% to 5,518; $Hang Seng TECH Index(800700.HK)$ dropped 48 pts or 1.3% to 3,657.

$LI NING(02331.HK)$ is splurging $2.2 billion to acquire $HENDERSON LAND(00012.HK)$ 's "Harbour East" as its Hong Kong headquarters. LI NING's stock price crashed 11% at open, making it the worst-performing blue-chip stock. On the other hand, $LENOVO GROUP(00992.HK)$ shot up 1.8%, making it the best-performing blue-chip stock.