Hong Kong’s Hang Seng TECH Index fell 3.04%, while Tencent Holdings dropped more than 7%.

GOLDEN FINANCE reported on July 22 that the Hang Seng Index in Hong Kong closed down 0.95%, and the Hang Seng Tech Index closed down 3.04%. The gold sector surged: Lingbao Gold rose over 15%, Chifeng Gold rose over 15%, Zijin Mining International rose over 9%, and Laopujin Gold rose over 6%. Heavy tech stocks fell sharply: NetEase fell more than 7%, Tencent Holdings fell more than 7%, and Alibaba fell nearly 3%.
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