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China Tech Stocks Drop for Second Day Amid U.S. Delisting Risks

  • Hang Seng Tech Index erases bulk of earlier loss, down 0.7%
  • Investors on edge as China says talks ongoing with U.S.
Updated on

Chinese technology stocks fell for a second day amid continued concern about the risk of local firms getting kicked off American exchanges.

The Hang Seng Tech Index, which tracks some of the biggest Chinese firms in the sector, closed down 0.7% Friday, having earlier lost as much as 3.9%. It fell 1.4% on Thursday after the U.S. securities regulator played down the prospect of an imminent deal to keep Chinese companies listed there.