Hong Kong Stock Exchange drops 0.94% due to technology hangover

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Shanghai, China, 24 Mar The Hong Kong Stock Exchange benchmark, Hang Seng, closed today with losses of 0.94% on a day marked by the fall of some technological values after several days of good performance. The selective yielded 208.13 points to 21,945.95, while the index that measures the performance of mainland Chinese companies listed on the Hong Kong parquet, the Hang Seng China Enterprises, fell by 1.4%. Among the subscripts, only the most local, Services (2.32%), rose, while Finance (0.15%), Real Estate (0.87%) and Commerce and Industry (1.76%) fell. Among the big losers of the session, the digital giant Tencent stood out, which left 5.91% after publishing its income statement, in which it reported a slowdown in the progress of its video game and advertising businesses in China due to regulatory changes. Nor was it a good session for other companies in the sector such as Meituan (-5.89%), JD.com (-4.13%) or Alibaba (-3.23%), although even worse was the performance of the lens manufacturer Sunny Optical (-8.1%) or the real estate management subsidiary of the developer Country Garden, CG Services (-6.93%). On the other side of the coin, companies such as the popular restaurant chain Haidilao (+9.37%), which incurred losses of about $653 million in 2021 but increased revenue by almost 44%. The turnover of the session was 149.95 billion Hong Kong dollars (19,165 million dollars, 17,427 million euros).