Hang Seng Index Falls 261 Points Below 23,000 on June 30 Amid Broad Selloff

Hong Kong's Hang Seng Index dropped 261 points, or 1.14%, to 22,764 points on June 30 as of 10:40 a.m., breaking below the 23,000 level once again on the final trading day of June. The index opened down 18 points and fell as low as 22,685 points during the session, with 80 of 93 blue-chip stocks declining.

The Hang Seng China Enterprises Index fell 93 points, or 1.23%, to 7,521 points, while the Tech Index rose 41 points, or 0.95%, to 4,434 points. Oil stocks led declines, with CNOOC dropping 3.7% and PetroChina down 4.3%. Banking and property stocks also weakened, with Industrial and Commercial Bank of China falling 3.5% and China Construction Bank down 2.9%.