Hong Kong stocks track US decline

Hong Kong shares fell on Wednesday, tracking a broad selloff in US markets as concerns over high valuations in the technology sector weighed on sentiment.

The benchmark Hang Seng Index slipped 73 points, or 0.28 percent, to 25,878, with turnover totaling HK$138.2 billion.

The China Enterprises Index fell 28 points, or 0.31 percent, to 9,144, while the Hang Seng Tech Index closed at 5,771, down 0.8 percent.

Among Hang Seng Tech constituents, 7 stocks rose and 23 declined. Meituan (3690) led the gainers, closing at HK$101.7, up 1.8 percent.