Hong Kong stocks recorded slid more than 300 points by Friday noon

Hong Kong stocks recorded extended losses and slid more than 300 points by Friday noon.

The benchmark Hang Seng Index dropped 302 points to 1.14 percent to 26,183 after opening 135 points lower.

The tech gauge declined 2 percent to 5,825.

Half-day market turnover reached HK$115.2 billion.

Technology stocks underperformed, with Alibaba (9988) down 2.9 percent and Tencent (0700), 2.3 percent.

Meituan (3690) lost 2.2 percent and Xiaomi (1810) slid 3 percent.

Semiconductor stocks also declined, with SMIC (0981) down 2.2 percent and Hua Hong Semiconductor (1347) down 2.8 percent.

In mainland China, the Shanghai Composite Index dipped 0.16 percent to 4,001 points while the Shenzhen Component Index dropped 0.2 percent to 13,431.