China’s technology stocks slumped as trading resumed in Hong Kong after the long weekend, with continued concern over government regulation and a potential delisting of U.S.-traded shares dampening sentiment.
The Hang Seng Tech Index slid 3.8% from its closing level on April 14, with video-game streaming site Bilibili Inc. plunging almost 11%. China is starting a two-month “clean-up” inspection of the live-streaming and short video sectors to crack down on illegal behaviors, according to a statement posted on the Cyberspace Administration’s website late Friday.
