Hang Seng falls 223 points by midday, Alibaba dips nearly 5 percent

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Hong Kong shares traded lower in the early market as the Hang Seng Index fell 223 points by midday. The benchmark Hang Seng Index declined 0.92 percent to 24,092 points, bringing…

Hong Kong shares traded lower in the early market as the Hang Seng Index fell 223 points by midday.

The benchmark Hang Seng Index declined 0.92 percent to 24,092 points, bringing the half-day market turnover to HK$105 billion.

Tech gauge dropped further by 1.41 percent to 3,970 points. Heavyweight Alibaba (9988) fell 4.97 percent.

In the mainland, the Shanghai Stock Exchange Composite Index rose by 7 points, or 0.2 percent, to 3,688 points, and the Shenzhen Stock Exchange Composite Index went up 0.06 percent to 11,396 points.

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