HSI Loses 310 pts as Dotcoms under Pressure

$Hang Seng Index(800000.HK)$ lost 310 points or 1.9% to close at 16,224. $Hang Seng China Enterprises Index(800100.HK)$ faded 126 points or 2.3% to close at 5,480. $Hang Seng TECH Index(800700.HK)$ sagged 107 points or 3% to close at 3,484. Total market turnover for the day amounted to $84.442 billion.

Dotcoms decreased. $MEITUAN-W(03690.HK)$ and $BILIBILI-W(09626.HK)$ shed 4.9% and 5.2% each, while $XIAOMI-W(01810.HK)$ , $JD-SW(09618.HK)$ and $NTES-S(09999.HK)$ slipped 3.6% to 3.9%. $BABA-SW(09988.HK)$ and $TENCENT(00700.HK)$ slid 1.8% and 1.4%. In addition, $GDS-SW(09698.HK)$ tumbled 8%, while $SENSETIME-W(00020.HK)$ , $CHINASOFT INT'L(00354.HK)$ and $TME-SW(01698.HK)$ cratered over 5%.