Reported about 2 months ago
Chinese technology stocks declined sharply after Walmart's announcement to exit its stake in JD.com, sparking concerns about foreign investment and the country's weak consumption outlook. The Hang Seng Tech Index fell by 3.4%, led by a 12% drop in JD.com shares, as disappointing earnings from major tech players deepen investor anxieties amidst an uncertain economic recovery.
Source: YAHOO