Chinese stocks fell sharply on Wednesday, led by heavy selling in semiconductor and robotics companies, as concerns over the broader economy and disappointing corporate earnings weighed on investor sentiment. Hong Kong shares, meanwhile, edged higher, Reuters reported.
The blue-chip CSI300 index fell 2.4% by the midday break, while the Shanghai Composite Index declined 2%. In Hong Kong, the Hang Seng benchmark was up 0.2%.