ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Stocks

Tech companies lead Hong Kong stocks lower after Nasdaq slump

Insurers extend losses; casino shares pull back ahead of Macau gaming numbers

HONG KONG (Nikkei Markets) -- Hong Kong shares headed for a fourth day of losses on Thursday, led by heavyweight internet major Tencent Holdings and Apple-supplier AAC Technologies Holdings, following a sell-off in U.S. technology stocks overnight.

The Hang Seng Index had fallen 1.3% to 29,245.91 by noon, poised for its longest losing streak since June. It had declined as much as 1.6% earlier in the morning. Tencent was down 2.3% by midday on Thursday, extending the previous day's 1.8% drop, while AAC Technologies shed 4.4% after the technology-heavy Nasdaq Composite suffered its worst decline in more than three months overnight, closing 1.3% lower.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more