"We have seen profit-taking across the board, with a huge pull-back in tech stocks worldwide. That is affecting sentiment here," said Alex Wong, director at Ample Finance Group. "There has been a good run and people are willing to take some profit off the table."
HONG KONG: Chinese shares fell on Wednesday and were on course for their worst day in over two weeks due to souring global market sentiment and data showing softer growth in bank lending.
At the midday break, the Shanghai Composite index was down almost 2% at 3,273.75. The blue-chip CSI300 index fell 2.2%. Both are set to post their worst daily percentage fall since July 24.
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