Hong Kong Shares Fall in Likely Technical Correction -- Market Talk

Dow Jones02-07

0821 GMT - Hong Kong's Hang Seng Index fell 0.3% to close at 16081.89, reversing earlier gains in a likely technical correction. Electronics and technology companies led losers. Semiconductor Manufacturing International Corp. slid 7.95% after its 4Q profit fell more than 50% on year. Hua Hong Semiconductor dropped 11.5% after reporting significantly lower 4Q net profit amid a global chip-industry slowdown. Meanwhile, WuXi Biologics rose 5.4%, WuXi AppTech added 4.8% and Alibaba Health Information Technology was up 4.95%. The Hang Seng Tech Index dropped 1.6% to close at 3190.68. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

February 07, 2024 03:21 ET (08:21 GMT)

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Meanwhile, WuXi Biologics rose 5.4%, WuXi AppTech added 4.8% and Alibaba Health Information Technology was up 4.95%. The Hang Seng Tech Index dropped 1.6% to close at 3190.68. 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Electronics and technology companies led losers. Semiconductor ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0348816934.USD","symbol_name":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2409509219","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2409509219","pubTimestamp":1707294060,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0821 GMT - Hong Kong's Hang Seng Index fell 0.3% to close at 16081.89, reversing earlier gains in a likely technical correction. 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Electronics and technology companies led losers. Semiconductor Manufacturing International Corp. slid 7.95% after its 4Q profit fell more than 50% on year. Hua Hong Semiconductor dropped 11.5% after reporting significantly lower 4Q net profit amid a global chip-industry slowdown. Meanwhile, WuXi Biologics rose 5.4%, WuXi AppTech added 4.8% and Alibaba Health Information Technology was up 4.95%. The Hang Seng Tech Index dropped 1.6% to close at 3190.68. 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