China Tech Stocks Slide as Growth Woes, Global Rout Grip Traders
- Tech shares plunge to lead decline in Hong Kong, China stocks
- Hong Kong markets were closed Monday for a public holiday
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Chinese tech stocks fell as Hong Kong markets reopened after a holiday to face renewed growth worries and persistent regulatory risks, sparking another bout of selling.
The Hang Seng Tech Index tumbled 3.2% on Tuesday, extending its slide into a fifth day. JD.com Inc. and Alibaba Group Holding Ltd. were among the biggest drags. Key equities gauges across the region all slumped, with an index of Chinese firms in the city sliding more than 2%.
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China Tech Stocks Slide as Growth Woes, Global Rout Grip Traders