Chinese data centre operator GDS falls after removal from Hang Seng Tech Index

GDS Holdings

19/02/2024 02:26

** Shares of Chinese data centers operator GDS Holdings
 9698.HK  fall 7.8% to HK$6.51, their biggest intraday pct drop
since Jan 19 
    ** Stock on course to snap three straight session of gains,
if trend holds, and is biggest pct loser in Hang Seng Tech Index
 .HSTECH 
    ** Index compiler Hang Seng Indexes co says GDS Holdings
will be removed from Hang Seng Tech Index  .HSTECH , and
Zhongsheng Group  0881.HK  will be removed from Hang Seng China
Enterprises Index  .HSCE , effective March 4
    ** Automobiles distributor Zhongsheng falls as much as 7.5%
to HK$13.20, their bigest intraday pct decline since Jan 26 
    ** Hang Seng Tech Index  .HSTECH  drops 2.4%, Hang Seng
China Enterprises Index  .HSCE  falls 1.3% and Hang Seng Index
 .HSI  slips 0.9%
    ** Shares of GDS have lost 28% YTD, Zhongsheng down 28.9%
YTD

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))