On July 22, CSOP HS TECH declined 3.05% in regular trading, trading at HKD 4.58, with turnover of HKD 9.876 billion.

On the news front, Tencent plunged nearly 6% intraday after being revealed as the stock with the largest reduction by public mutual funds in Q2, dragging the Hang Seng Tech Index down by 2.11%. Data showed Tencent was reduced by a total market value of RMB 18.737 billion during the quarter, exiting the top ten holdings of public funds entirely. Multiple prominent fund managers including Zhang Kun halved their Tencent positions, while southbound capital net sold Tencent for three consecutive days totaling HKD 1.87 billion. Major tech constituents including Meituan, Xiaomi, and JD.com also fell over 2%, with AI application stocks and auto sector broadly declining. The sell-off compounded pressure from the July 17 session when the Hang Seng Tech Index had already plunged 4.37%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)