Laopu Gold (06181) fell as much as 3% to HK$388, breaking below its 10-day moving average of HK$393.66, and was last down 2.8% at HK$389.8, according to ETNet.

The stock hit an intraday high of HK$404.2 and traded 382,500 shares worth HK$151 million. The active buy-sell ratio was 29:71, with net active selling of HK$62.59 million. The Hang Seng Index was last at 24,919, down 355 points, or 1.4%.