Telecom, techs and the Cheung Kong group are weakening but it looks like a sell-off across the board.
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.
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.