As of 13:31, the Hang Seng Index was down more than 3%, the State-owned Enterprises Index was down more than 4%, the Hang Seng Technology Index was down 7%, and the constituent stocks were down across the board.
In terms of individual stocks, in addition to education stocks continue to lead the decline, large technology stocks also generally fell:
JD.com Health fell by more than 20%, Kuaishou by nearly 10%, and Baidu Group by more than 6%, all of which hit new lows since listing.
Bilibili and NetEase both fell by more than 13%.
Tencent fell more than 7% to break the HK $500 mark.
Meituan fell by more than 9%.
At the beginning of this year, Hong Kong technology stocks were in full swing, with a number of stocks reaching record highs, but after a continuous pullback, Meituan, Tencent, JD.com, Baidu and bilibili have retreated more than 30 per cent from their highs.
Edit / lydia, ray
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