Volatility Grips Chinese Tech Shares Again as Traders On Edge
- Hang Seng Tech Index erases gains of as much as 4.4%
- China tech gauge down nearly 60% from Feb. 2021 peak
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Shares of some of the biggest China tech firms whipped around in a volatile trading session Thursday, underscoring high investor angst in a sector mired in regulatory crackdowns.
Hong Kong’s Hang Seng Tech Index closed 1% higher, paring an advance of as much as 4.4% earlier in the day. The move came after wild swings hit Chinese stocks a day earlier, with key benchmarks tumbling more than 3% before paring at the close.