Economic TimesLean R·
Hang Seng crashes over 2% as tech selloff hits Asia markets. Why Hong Kong stocks are falling on Friday?
Hong Kong's Hang Seng Index fell 2% by midday on Friday, weighed down by a global selloff in technology stocks as renewed inflation concerns dampened risk appetite. The Hang Seng Tech Index plunged 4%, with investors reducing exposure to technology and other growth stocks amid fears that higher inflation could lead to tighter monetary policy and higher interest rates.
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