Chinese A-share open lower, with the benchmark Shanghai Composite Index down 0.35% at 3,232, the Shenzhen Component Index down 0.48% and the tech-heavy Chinext Price Index down 0.61%.
Coal miners are leading the losses. Property developers, fertilizer producers, liquor makers, gas companies and drugmakers are mostly lower. Semiconductor companies, industry machinery makers, power equipment makers are outperforming.
Hong Kong stocks open significantly lower on Wednesday, with the benchmark Hang Seng Index down 1.49% to drop below 19,000 mark, the hang Seng China Enterprises Index down 1.51% and the Hang Seng Tech Index down 1.93%.
Technology heavyweights are mostly lower, with Baidu sliding more than 4%, Alibaba, Kuaishou and Xiaomi down more than 2%, JD.com, Meituan and Tencent down more than 1%.
Online education companies are retreating after a rally one day earlier and automakers continue to slide. Home appliance makers, sports goods producers, port operators, shipping companies and biotech companies are mostly lower.
