Battered Chinese tech stocks creep up as funds insist sell-off unjustified as regulatory danger has passed

Source: Tech – South China Morning PostChinese technology stocks clawed back some ground on Wednesday morning after suffering a tumble that wiped out over US$100 billion of market value the previous day amid fears of renewed oversight of the sector.Analysts maintained that the worst of the regulatory intensity has passed.The Hang Seng Tech Index rebounded 0.2 per cent as trading got under way on Wednesday.It slumped 1.9 per cent on Tuesday, closing at its lowest level since its launch in July 2020. Its three-day losing streak of…Read More

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