Chinese Stocks Slump as Weak Tech Earnings Hit Sentiment

Chinese Stocks Slump as Weak Tech Earnings Hit Sentiment

A selloff in Chinese stocks deepened on Friday afternoon, as disappointing tech earnings hit sentiment already weakened by concerns over Donald Trump’s imminent return.

The CSI 300 Index slumped 3.1%, the most since Oct. 11. The Hang Seng China Enterprises Index lost as much as 2.4%, set to cap a second straight week of losses. Tech and electric vehicle-related shares were among the biggest losers.

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