Hong Kong stocks wavered as tech companies tumbled after Chinese regulatory authorities finalised cybersecurity review measures to tighten data oversight of its technology companies in offshore markets.
The Hang Seng Tech Index sank 1 per cent, with Tencent Holdings losing 0.8 per cent while Meituan and JD.com retreated by almost 2 per cent. The benchmark Hang Seng Index was little changed. The CSI300, which tracks the biggest stocks in Shenzhen and Shanghai, declined 0.5 per cent, mirroring opening-day setbacks in 2019, 2016, 2014 and 2012.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
