Equities in Hong Kong slid 336 points, or 1.3%, to around 26,510 in Thursday's morning session, reversing modest gains from the prior day as broad-based selling hit most sectors, particularly tech, financials, and consumer stocks.
Market sentiment deteriorated after Wall Street closed mostly lower overnight, weighed down by an extended sell-off in tech shares and by weaker-than-expected U.S. January employment data.
Losses were compounded by a decline in mainland Chinese equities, reflecting renewed worries that China's economic momentum may be fading amid persistent weakness in manufacturing and construction activity.
Mining stocks led early declines, with China Gold International dropping 4.7%, Zijin Mining falling 4.1%, and Zhaojin Mining down 1.6%.
Other notable laggards included SMIC (-3.5%), China Hongqiao (-3.4%), and Tencent Holdings (-2.2%).
Meanwhile, Baidu slipped 0.7% despite announcing plans for its first-ever dividend and a share buyback program.
Sumber : Trading Economics
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