Archive · Business Recorder
China, Hong Kong stocks tumble as global tech selloff deepens
HONG KONG: China and Hong Kong stocks fell on Friday as a Nasdaq-led tech rout rippled across Asia and fuelled fears the AI boom is losing steam, although bargain hunting helped pare losses in mainland markets buoyed by Beijing’s market-supporting measures. China’s blue-chip CSI300 Index dropped 1.5% by the midday break, but remained on track to snap a 12-week-long losing streak. The Shanghai Composite Index fell 1.1%. The tech-heavy selloff was initially more severe. Both the tech-focused Star 50 Index and the AI Index slumped as much as 5% before recouping some losses. In Hong Kong, the benc...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →