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Stock Exchange: Hong Kong opens at -1.17%, technology weighs heavily

2022-07-11T02:12:59.347Z


The Hong Kong Stock Exchange opens the session with a sharp correction, on the weakness of technology stocks: the Hang Seng index drops 1.17% in the early stages, slipping to 21,470.77 points. (HANDLE)


(ANSA) - BEIJING, 11 JUL - The Hong Kong stock exchange opens the session with a sharp correction, on the weakness of technological stocks: the Hang Seng index drops in the early stages by 1.17%, slipping to 21,470.77 points.


    Yesterday the Chinese antitrust authority (Samr) imposed various sanctions against the hi-tech giants, for the failure to declare 28 overall cases of mergers and acquisitions violating the anti-monopoly law: big names like Tencent (-2.3%), Alibaba ended up in the crosshairs. (-3.1%) and Bilibili (-1.2%), who received respectively 6 million yuan (nearly 900,000 dollars) for 12 cases, 2.5 million for five cases and 1.5 million for three cases. .


    The Shanghai Composite index lost 0.45% to 3,341.10 points in the early stages, while the Shenzhen index lost 0.38%, slipping to 2,211.36 points.


Source: ansa

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