South Asia and Beyond

Hong Kong Tech Market Tanks

Hong Kong’s one-year-old Hang Sen Tech Index has seen over $550 billion of its market value wiped out ever since Beijing cracked down on its tech sector. Gains here have averaged a miserable 6 per cent compared to 35 per cent on the ChiNext Index in mainland China and 40 per cent gains on the Nasdaq. Global investors have fled since China began reining in tech giants like the Ant Group and the ride hailing Didi Chuxing.

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