Reported about 1 month ago
Chinese stocks in Hong Kong experienced their most significant two-day drop since October 2023, with the Hang Seng China Enterprises Index falling 4.6%. Investors expressed concerns over the absence of new catalysts following a substantial rally earlier. Technology stocks were particularly affected, with companies like Xiaomi and Alibaba dropping over 3%. Analysts warn of potential volatility and profit-taking amidst rising concerns about market valuations exceeding historical averages.
Source: YAHOO