Hong Kong Stocks Slide Most in 3 Weeks With Tech Firms Leading
- Alibaba drops after report U.S. seeking to blacklist affiliate
- Tech industry has been a focus of tensions between China, U.S.
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Hong Kong stocks fell the most in more than three weeks, with tech shares leading losses.
The benchmark Hang Seng Index dropped 2.1% to 24,158.54 at the close. Alibaba Group Holding Ltd. slid 4.3%, the most since July, after Reuters reported the U.S. is seeking to blacklist its affiliate Ant Group. Tencent Holdings Ltd. and Xiaomi Corp. fell at least 3.4%, among the worst performances.