HSI Plummets 306 Pts at Open; TENCENT, JD Slump Post Results

$Hang Seng Index(800000.HK)$ opened 306 pts or 1.7% lower at 18,023. $Hang Seng China Enterprises Index(800100.HK)$ opened 108 pts or 1.7% lower at 6,164; and $Hang Seng TECH Index(800700.HK)$ opened 76 pts or 1.9% lower at 4,049.

$TENCENT(00700.HK)$ , despite its interim non-IFRS net profit rising 31% YoY close to the upper end of forecasts, slipped 2.5% at $320.6, as the market is concerned about the revenue of Tencent Games in Mainland China.

$JD-SW(09618.HK)$ , also despite interim non-GAAP net profit hiking 53.5% YoY which beat forecasts, dived 3.7% at $135.4, amid concerns over challenging short-term retail sales environment.

$JD HEALTH(06618.HK)$ faded 1.1% at $50 along with the market, although its interim non-IFRS profit spiked 1.01 times YoY. $JD LOGISTICS(02618.HK)$ , reporting a non-IFRS profit up 2.88x in 2Q, added 0.4% at $11.44.

As to other techs, $BABA-SW(09988.HK)$ slid 3% at $86.6. $MEITUAN-W(03690.HK)$ , $XIAOMI-W(01810.HK)$ , $KUAISHOU-W(01024.HK)$ and $BIDU-SW(09888.HK)$ and $NTES-S(09999.HK)$ tumbled 2.6% and 2.8%.