Hong Kong Benchmark Index Suffers Second-Worst Day of Year
Hong Kong's benchmark stock index posted its worst day since March amid a broader technology and semiconductor selloff. Lenovo fell 11%, Hua Hong Grace Semiconductor 9.5% and SMIC 6.2%.
Hong Kong’s benchmark stock index recorded its steepest decline since March, as technology and semiconductor shares came under pressure during a broader sector selloff. Lenovo fell 11% at the close. Hua Hong Grace Semiconductor dropped 9.5%, while SMIC lost 6.2%. Innovent Biologics declined 8.4%, and CATL was also lower, though its move was not specified.