Chinese Tech Stocks Tumble Amid Trump Tensions and Earnings Concerns
Chinese tech stocks in Hong Kong have slumped by about 20% from their October highs due to rising geopolitical risks and investor caution ahead of key earnings reports. The Hang Seng Tech Index fell 3.2%, with JD.com and Xiaomi contributing significantly to the decline. Concerns over potential Sino-American tensions under the Trump administration and profit-taking from a stimulus-driven rally have also contributed to the sell-off. Despite Tencent's strong earnings, broader market sentiment remains cautious.