Skip to content

China Crackdown Makes Hong Kong Index World’s Biggest Tech Loser

  • Gauge has lost about $551 billion in market value from peak
  • Still, ETFs tracking it have recorded rising inflows this year
Hong Kong Exchanges & Clearing Ltd. Rides Trading, IPO Surge to Record Profit
Photographer: Roy Liu/Bloomberg
Updated on

An index launched a year ago to give investors greater exposure to China’s internet giants is now the world’s worst-performing major technology gauge.

The Hang Seng Tech Index has been on a roller-coaster ride in the last 12 months. The gauge, which marks its one-year anniversary on Tuesday, was up 59% at its February peak but has since seen more than $551 billion in market value wiped out amid Beijing’s clampdown on the sector.