Tencent, China Giants’ Targets Cut Most Since July
- Worries linger even after Hang Seng Tech’s 30% rally
- Regulatory crackdown weighs on stocks; delisting fears ease
A rapid 30% recovery from the trough for Chinese technology stocks is still far from convincing some market watchers that the worst is over for the sector.
Analysts slashed their target prices for members of the Hang Seng Tech Index in March by the most since July following a sluggish earnings season, according to data compiled by Bloomberg.