The global selloff in technology stocks deepened in Asia on Tuesday amid investor fears of higher interest rates, with a benchmark tracking Chinese technology stocks in Hong Kong closing near a record low.
The Hang Seng Tech Index, which officially launched in July last year, fell 0.3% after paring earlier losses of as much as 2.5%. The gauge, which counts Tencent Holdings Ltd. and Alibaba Group Holding Ltd. as key members, is headed for a fourth consecutive weekly decline.
"asian" - Google News
October 05, 2021 at 08:36AM
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Asian Tech Rout Worsens as China Index Closes Near Record Low - Bloomberg
"asian" - Google News
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