Hang Seng extended yesterday's weakness, opening lower and sliding as much as 300 points intraday to a low of 25,323.33; it stood at 25,352.13 at the midday break, down 1.17%. Hang Seng Tech fell 1.17% to 4,767.88. Market turnover was HKD 117.01 bln. Sector movers: storage chips and optical-communications hardware outperformed; gold miners recovered; innovative-drug names stayed active; internet and tech names were broadly weak. Notable stock moves: Yangtze Optical Fibre & Cable (06869.HK) +7.86

Hang Seng extended yesterday's weakness, opening lower and sliding as much as 300 points intraday to a low of 25,323.33; it stood at 25,352.13 at the midday break, down 1.17%. Hang Seng Tech fell 1.17% to 4,767.88. Market turnover was HKD 117.01 bln. Sector movers: storage chips and optical-communications hardware outperformed; gold miners recovered; innovative-drug names stayed active; internet and tech names were broadly weak. Notable stock moves: Yangtze Optical Fibre & Cable (06869.HK) +7.86%, Zai Lab (09688.HK) +5.72%, GigaDevice Semiconductor (03986.HK) +5.61%, Chifeng Gold Mining (06693.HK) +3.14%; Tencent Music (01698.HK) -13.59% after results, Tencent Holdings (00700.HK) -2.93%.