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Benzinga
Benzinga
World
Madhukumar Warrier

Why Are Alibaba, Baidu And Other Tech Stocks Extending Losses In Hong Kong

Hong Kong BABA United States Hang Seng Index U.S.-listed U.S. Federal Reserve US Federal Reserve

Shares of U.S.-listed Chinese tech companies traded notably lower in Hong Kong on Tuesday, dragging the benchmark Hang Seng Index into negative territory for the second straight day.

Why Is It Moving? The Hang Seng Index was down 1.4% at the time of writing, as investors remained cautious ahead of this week’s U.S. Federal Reserve meeting.

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