China tech shares tumbled on Monday, with a key gauge closing at its lowest level since launch last year as concerns mount over how much more pain Beijing is willing to inflict on the sector.
The Hang Seng Tech Index closed down 3.3%, its biggest decline in nearly two months, to the lowest level since before its July 2020 inception. Alibaba Group Holding Ltd. and JD.com Inc were the biggest losers, each sinking at least 4.9%. Both companies are also traded in the U.S.
China Tech Index on Track for Record Low as Rout Continues - Bloomberg
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