Hong Kong shares ended little changed on Wednesday after paring early losses, as heavy selling in technology stocks continued to weigh on sentiment.
The Hang Seng Index fell as much as 240 points earlier in the session before recovering to close up 12 points at 26,847. Main board turnover exceeded HK$285.4 billion.
The Hang Seng Tech Index slid nearly 2 percent to 5,366.Technology stocks remained under pressure amid lingering investor concerns over the sector. NetEase (9999) plunged 7.9 percent to HK$182.9, Trip.com (9961) fell 5.8 percent to HK$456.6, Baidu (9888) dropped 4.5 percent to HK$135, and Tencent (0700) slid 4 percent to HK$558, hovering near a six-month low. The four names were among the biggest drags on the benchmark.
Property stocks outperformed, with Wharf Real Estate Investment (1997) jumping 7.3 percent to HK$29.26, making it the best-performing blue chip.
Mainland Chinese equities finished higher. The Shanghai Composite Index regained the 4,100 level, closing up 0.85 percent at 4,102, while the Shenzhen Component Index reversed earlier losses to end 0.21 percent higher at 14,156.
