Telecom, techs and the Cheung Kong group are weakening but it looks like a sell-off across the board.
Cheung Kong is playing catch up with Hutchison. It's been a laggard over the past few weeks so investors are trying to narrow the gap with Hutchison.
Cheung Kong is still experiencing pressure on the MSCI removal because fund managers still hold quite a big chunk of the stock so it will take time to offload.