On August 21st, Hong Kong stocks declined sharply, with the Hang Seng Tech Index falling over 1%, the Hang Seng Index down 0.6%, and the H-shares Index dropping 0.8%.

Among the Hang Seng Tech Index constituents, Sunny Optical Technology and Tongcheng Travel fell over 4%, while MEITUAN-W and BYD declined more than 3%. Baidu, Xiaomi, Tencent, and Alibaba all dropped over 2%.