China tech sell-off deepens as Tencent sale spooks traders

China tech sell-off deepens as Tencent sale spooks traders

The Straits Times - Business·2022-01-05 15:01

The Hang Seng Tech Index fell as much as 4 per cent in a third day of declines. PHOTO: REUTERS

HONG KONG (BLOOMBERG) -  China’s tech stocks fell once again Wednesday (Jan 5) as firms backed by Tencent Holdings  came under pressure after it pared investment in the sector for a second time in two weeks.

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