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%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.