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China, HK stocks open lower as global tech selloff spreads to Asia
China and Hong Kong stocks opened lower, mirroring regional declines as investors worried about the AI rally's sustainability. Strong U.S. jobs data fueled fears of Federal Reserve rate hikes, impacting tech shares, including Nvidia supplier Zhongji Innolight. Wall Street also saw a significant tech stock drop on Friday.
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channelnewsasia.com
Asian stocks take another hit from AI, Middle East worries
HONG KONG: Asian equities went into reverse on Friday (Jun 5) on continued worries about the artificial intelligence trade after disappointing forecasts from chip titan Broadcom,…
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scmp.com
Hong Kong stocks slumped as AI rallies in Asia unwind on US rate-increase fears
The Hang Seng dropped by 1.8% when markets opened, the Tech Index fell by 3.1% and the mainland’s CSI 300 Index slipped 3.1%.
