Zhitong Financial APP learned that the Hang Seng Index accelerated its decline in early trading, falling more than 300 points in intraday trading to a low of 23,550.58 points, refreshing a new low for the year. As of press time, the Hang Seng Index fell 299.83 points, or 1.26%, to 23552.41 points, with a market turnover of HK $46.624 billion.

In terms of blue chips, Internet technology stocks dragged down the market, with China Resources Land (01109) leading the decline. As of press time, China Resources Land fell 3.79% to HK $33, HKEx (00388) fell 3.19% to HK $430.8, BABA-SW (09988) fell 2.31% to HK $127,Tencent (00700) fell 2.25% to HK $430.8.