SHANGHAI, Sept 13 (Reuters) - Hong Kong shares finished down
on Monday, dragged lower by internet giants following a slew of
moves by Beijing to crack down on the country's technology
The Hang Seng index fell 1.5%, to 25,813.81, while
the China Enterprises Index lost 1.6%, to 9,238.99
** Shares of tech giants Meituan, Alibaba Group
and Tencent Holdings dropped 4.5%, 4.2% and
** The latest moves in Beijing's crackdown include telling
delivery and ride-hailing firms to better protect workers,
breaking up Ant's Alipay and forcing creation of separate loans
app, and telling internet giants to stop blocking each other's
website links from their platforms.
** Chinese office developer SOHO China tumbled 35%
in its biggest daily drop since listing more than 14 years ago
after Blackstone Group Inc BX.N scrapped a $3 takeover deal.
** Electric vehicle (EV) manufacturers BYD Co Ltd
and Xpeng Inc finished down 2.1% and 2.4%,
respectively, after China's Industry and Information Technology
Minister said the country had "too many" EV makers and the
government would encourage consolidation.
** Indebted developer China Evergrande Group
plunged 6.9% on report of payments suspension and delay.
** The energy sub-index jumped 3.8%, the biggest
daily gain in four months.
** Shares of PetroChina Co, CNOOC Ltd,
and China Petroleum & Chemical Corp gained over 2%, as
oil prices rose to one-week high as concerns over shut output in
the United States supported the market.
(Reporting by the Shanghai Newsroom; Editing by Edmund Blair)