(Bloomberg) — Chinese technology stocks dropped for a third straight session amid fresh worries over Beijing’s regulatory plans for the sector.
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The Hang Seng Tech Index fell more than 3% on Tuesday and headed for the lowest close since its inception in 2020. Alibaba Group Holding Ltd. led declines following a Bloomberg report that authorities have begun another round of checks on its fintech business arm.
The rout weighed on the broader Hong Kong market, with the…
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