Chinese Stocks Slump on Tech Earnings, Geopolitical Tensions
- Mainland’s CSI 300 falls 3.1%, extending slide from Oct. peak
- Hang Seng Tech Index slumps more than 20% from recent high
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A selloff in Chinese stocks deepened on Friday afternoon, as disappointing tech earnings hurt sentiment already weakened by concerns over Donald Trump’s imminent return.
The mainland benchmark CSI 300 Index slumped 3.1%, the most since Oct. 9. The Hang Seng China Enterprises Index of Chinese stocks traded in Hong Kong lost 2.1%, capping a second straight week of losses. A gauge of Chinese tech stocks in Hong Kong tumbled into a technical bear market.