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NEW YORK: U.S. stocks ended mostly lower on Friday, weighed down by technology and consumer discretionary shares, while the dollar edged higher after stronger-than-expected U.S. manufacturing data.
The Hang Seng Tech Index sank as much as 4.5%, extending its tumble from a February high to about 30%.
BEIJING: The massive selloff in US-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.
HONG KONG: Bilibili Inc, which is backed by Alibaba Group, tumbled as much as 6.8% in its Hong Kong stock debut on Monday as analysts said a U.S. regulatory crackdown on listed foreign firms hit enthusiasm for the Chinese online video site.
WASHINGTON/HONG KONG: Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do not comply with U.S. auditing standards.
NEW YORK: Wall Street rallied on Monday as technology stocks rebounded from a recent selloff sparked by surging bond yields and Tesla jumped after a fund run by an influential investor in the electric-car maker said its shares could approach US$3,000 by 2025.
SHANGHAI: Hong Kong stocks ended marginally higher on Monday, underpinned by heavyweight financial firms, after China posted better than expected factory activity data.
Digitalisation and automation likely to drive tech boom for the next five years
HONG KONG: Hong Kong's benchmark Hang Seng index closed higher on Monday, tracking strength in overseas markets fuelled by upbeat White House reports of U.S. President Donald Trump's health.