Hong Kong's Hang Seng Index fell 1.2% intraday Thursday, with Meituan dropping more than 4% and WuXi AppTec sliding over 3%.
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Hang Seng Index slides 1.2% as Meituan, WuXi AppTec drop
Hong Kong's Hang Seng Index fell 1.2% in intraday trading Thursday, with technology and healthcare stocks leading the decline.
Meituan (3690.HK) dropped more than 4%, while WuXi AppTec (2359.HK) slid over 3%, according to exchange data. The losses pushed the benchmark lower after it had traded in a narrow range earlier in the session.
The decline in Hong Kong stocks reflected bearish sentiment across Asian markets, with investors rotating out of growth-sensitive names. The move comes amid ongoing uncertainty over China's economic trajectory and regulatory landscape.
This article is for informational purposes only and does not constitute investment advice.
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