Hang Seng Tech Index may fall by another 8 per cent as Didi probe deepens rout, CCBI says

Source: Tech – South China Morning PostThe Hang Seng Tech Index, which has lost more than US$600 billion in market capitalisation since a February peak, will probably drop by another 8 per cent before a sell-off eases, according to CCB International.The 30-member gauge may fall to as low as 6,800 in the second half, representing a 7.8 per cent decline from where it has been trading recently, analysts Cliff Zhao and Lynn Song at the firm wrote in a research note dated July 8. That represents a downward revision of a forecast they…Read More

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