Beijing stocks beating US peers on rate worries

Fine run: A public screen displays the Shenzhen Stock Exchange and the Hang Seng Index figures in Shanghai. The Nasdaq 100 has lost 13% this year, while the Hang Seng Tech is down 3%. —Bloomberg

HONG KONG: Chinese technology stocks’ year-long underperformance versus their United States’ peers is finally coming to an end.

The Hang Seng Tech Index of China’s biggest tech companies is beating the Nasdaq 100 Index this month by the most in more than a year, led by companies including online travel platform Trip.com Group Ltd and Internet giant Baidu Inc.