US EditionHong Kong tech stocks just hit a wall. Is the AI rally already over?
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Hong Kong tech stocks just hit a wall. Is the AI rally already over?
After leading global markets at the start of the year and being hailed by foreign institutions as the bellwether of a potential Chinese asset revaluation, the Hang Seng Tech Index has spent over a month in retreat, dropping nearly 18% between March 10 and April 15. In contrast, after the Lunar New Year, US markets took a hit: the Nasdaq Index fell more than 11% between February 5 and March 10, while the Russell 3000 Index dropped nearly 8%. Over…
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