The Hang Seng is down 2%, the tech sector though hit harder.
China is ploughing (plowing if you prefer) ahead with its crackdown on tech and fintech:
- China wants to break up Jack Ma's Ant Group's Alipay
- China's issues further orders to tech firms including Alibaba, Tencent, ByteDance, Baidu
Meanwhile looks like we have another candidate for the next crackdown in China: