Hong Kong shares extend slide to two-week low as tech weakness deepens

Hong Kong stocks fell for a fourth straight session to a two-week low by midday on Wednesday, dragged by weakness in tech shares.

The benchmark Hang Seng Index dropped 117 points, or 0.45 percent, to 25,812, with turnover at HK$112.5 billion.

The China Enterprises Index slipped 0.35 percent to 9,142, while the Hang Seng Tech Index fell 0.98 percent to 5,590.

Xiaomi (1810) tumbled 4.32 percent to HK$39.02, making it the worst performer on both the blue-chip and tech gauges.

In Chinese mainland, the Shanghai Composite Index inched down 0.04 percent to 3,938 at the midday break. The Shenzhen Composite Index fell 0.32 percent to 13,038.