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JD.com falls 10% in Hong Kong as Walmart sells shares, sends Chinese tech stocks tumbling


JD.com falls 10% in Hong Kong as Walmart sells shares, sends Chinese tech stocks tumbling

Hong Kong Shares plunged on concerns that foreign investors are dumping Chinese technology stocks due to poor corporate earnings and economic prospects. A report showed that more hedge funds are abandoning their bets on Chinese stocks as the strategy failed to deliver excessive returns. The Hang Seng Index fell 1 percent to 17,332.06 at 2:23 […]

Hong Kong stocks plunge on tech losses after Walmart reportedly plans to dump JD.com shares


JD.com falls 10% in Hong Kong as Walmart sells shares, sends Chinese tech stocks tumbling

Hong Kong Shares slumped on speculation that foreign investors are dumping Chinese technology stocks amid concerns about earnings and the economic outlook, while a report showed that more hedge funds are abandoning their bets on Chinese stocks. The Hang Seng Index fell 1 percent to 17,345.53 at the lunch break in local trading, erasing a […]

Hong Kong stocks plunge on tech losses after Walmart reportedly plans to dump JD.com shares


Hong Kong stocks plunge on tech losses after Walmart reportedly plans to dump JD.com shares

Hong Kong stocks plunged on speculation that foreign investors were dumping Chinese technology stocks amid concerns about earnings and the economic outlook, while a report showed that more hedge funds are abandoning bets on Chinese stocks. The Hang Seng Index fell 0.8 percent to 17,364.03 at 10:15 a.m. local time, losing a 0.5 percent gain […]