Reported 1 day ago
Chinese technology stocks saw a significant decline, dropping over 3% as a major share sale by Xiaomi Corp affected market sentiment, leading to worries about liquidity. The Hang Seng Tech Index has decreased more than 9% from its recent highs, reflecting investors' hesitation amidst a lack of new momentum despite solid earnings reports. Analysts caution that this downturn may jeopardize the narrative of Chinese markets as viable investment alternatives.
Source: YAHOO