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Stocks

Tech stocks drag Hong Kong shares lower

Sunny Optical tumbles after November shipments data; ICBC, AIA gain

HONG KONG (Nikkei Markets) -- Hong Kong stocks fell during a choppy morning session on Tuesday, weighed down by weakness in Apple suppliers Sunny Optical Technology Group and AAC Technologies Holdings.

The Hang Seng Index had shed 0.5% to 28,832.66 by the noon break after changing direction at least nine times. Sunny Optical tumbled 6.9% after the lens-module maker said November shipments for handset lens sets, vehicle lens sets and handset camera modules fell from October. AAC, which makes acoustic components for mobile devices, lost 3.7%. Tencent Holdings fell 1.5% by midday after rising as much as 1.3% earlier in the day. The technology major plans to buy a 5% stake in Yonghui Superstores through its affiliate Linzhi Tencent Technology, the department-store operator said on Monday.

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