HSI Fades 175 Pts; Chips & Apple Concepts Devoured
At midday, $Hang Seng Index(800000.HK$ fell 175 pts or 0.9% to end at 18,274. $Hang Seng China Enterprises Index(800100.HK$ sank 58 pts or 0.9% to end at 6,344. $Hang Seng TECH Index(800700.HK$sagged 61 pts or 1.5% to end at 4,114. Half-day turnover totaled $43.59 billion.
Techs descended along with the external market. As $Apple(AAPL.US$ shares came under pressure, $COWELL(01415.HK$ and $SUNNY OPTICAL(02382.HK$slipped 6.8% and 3.6%. Chip equipment maker $ASMPT(00522.HK$ crashed down 3%, whereas chip makers $SMIC(00981.HK$ and $HUA HONG SEMI(01347.HK$ free fell 5.1% and 4.8%, amidst concern of spicier chip tech control by the US on China.
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