Hang Seng Index loses 150 points, Lenovo slumps over 9pc

Hong Kong shares closed lower on Wednesday, dragged down by tech heavyweights. 

The benchmark Hang Seng Index retreated 157 points or 0.64 percent, to 24,407 points, with a full-day turnover of HK$320.5 billion.

The Hang Seng Tech Index dipped 0.94 percent to 4,724 points.

Lenovo (0992) dived the most by 9.3 percent among blue chips as it reportedly plans to hike prices for all products next month.

Alibaba (9988) and Xiaomi (1810) dropped 2.2 and 3.2 percent, respectively, while NetEase (9999) and Kuaishou (1024) both advanced 3.7 percent.

CATL (3750) fell 5.4 percent, and HSBC (0005) also dropped 4.7 percent at close.

Geely Automobile (0175) jumped 4 percent, marking the best performer in HSI components.

In the mainland, the Shanghai Stock Exchange Composite Index went down 0.42 percent to 3,993 points, and the Shenzhen Stock Exchange Component Index fell 2 percent to 14,954 points.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓