A key gauge of Chinese stocks traded in Hong Kong is nearing a bear market.
The $Hang Seng China Enterprises Index(800100.HK)$ tumbled by as much as 2.9% on Thursday, extending its loss since a February high to about 19%. The gauge was dragged down by some of the biggest internet names including $Meituan-W(03690.HK)$, $BABA-SW(09988.HK)$ and $Tencent(00700.HK)$, which were down by at least 3.6%.
Source: Bloomberg