Chinese language web shares fell in Hong Kong on Monday following a selloff in comparable American depositary receipts late final week, because the worry of extra U.S. delistings led many traders to re-evaluate the dangers of an already battered expertise sector.
The Hold Seng Tech Index, which tracks the 30 largest expertise corporations listed within the metropolis, slid 3.3% to its lowest stage, after Alibaba Group Holding Ltd. , JD.com Inc. and different web shares logged sizable declines. The benchmark, which launched in July 2020, has misplaced near a 3rd of its worth this yr, and is down 45% from a peak in February.
