Hang Seng tech index slides into correction territory after strong rally as tariff worries sour mood

Tech stocks listed in Hong Kong, including the Hang Seng Tech index tracking large mainland Chinese technology companies, fell 11% into correction territory due to profit booking, trade war uncertainty, and U.S. restrictions on Beijing’s tech access. Chinese tech stocks saw a boost from AI advancements and increased investor interest, with mainland Chinese investors making record purchases in stocks like Alibaba and Tencent. Despite recent volatility, experts believe China tech stocks still offer diversification opportunities, with strong support from the government, positive earnings, and lower valuations compared to global counterparts.

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