Chinese tech shares have fallen sharply as earnings from a number of firms have failed to meet investor targets

The continued drop comes after the government’s shock ban last month of profits at tutoring companies, which triggered a selloff of about $1 trillion dollars.

Investors seem to be scared with the huge loss in the market already and many say this as just the start.

The Hang Seng Tech Index closed 1.9% lower in Hong Kong.

The index was weighed down by live streaming giant Kuaishou Technology and electronics component maker AAC Technologies Holdings Inc., which both fell by at least 9.2% after missing estimates.