Hang Seng Tech Index slides to a low as U.S. delisting and Beijing’s regulatory crackdowns weigh on sector
Chinese internet stocks fell in Hong Kong on Monday following a selloff in comparable American depositary receipts late last week, as the fear of more U.S. delistings led many investors to re-evaluate the risks of an already battered technology sector.
The Hang Seng Tech Index, which tracks the 30 largest technology companies listed in the city, slid 3.3% to its lowest level, after Alibaba Group Holding Ltd. , JD.com Inc. and other internet stocks logged sizable declines. The benchmark, whichTo Read the Full Story
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