17+ Chinese Tech Stocks Index
Chinese Tech Stocks Index
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All securities in the index.
Chinese tech stocks index. The hang seng tech index, which tracks the 30 largest technology firms listed in hong kong, closed up 7%, outperforming the broader index which rose 2.5%. The hang seng tech index, a gauge of mostly chinese tech giants traded in hong kong, fell as much as 2.9% to the lowest since its launch in july 2020. The decline comes after the nasdaq.
By market close, their stocks had popped more than 200% on average. China tech stocks have done phenomenally well since march 2020. For an investment in the chinese stock market, there are 12 indices available which are tracked by 21 etfs.
Historically, the china shanghai composite stock market index reached an all time high of 6124.04 in october of 2007. At the close, tencent shares were 8.8%. There was good interest when the hang seng tech index was launched in 2020.
Tech stocks are all the rage right now and china has her own fair share of exciting tech companies. The global selloff in technology equities continued in asia on tuesday amid fears of higher interest rates, with a benchmark tracking chinese technology stocks in hong kong set to close at a record low. Were among the biggest losers, each sinking at least 8.3%.
The nasdaq omx china technology index is designed to track the performance of technology companies that are domiciled in china or hong kong. Kuaishou plunged 10.75% while tencent slipped 2.39% and meituan dropped 2.36%. Edt, shares of ecommerce juggernaut alibaba, the largest chinese firm listed in the u.s., were among the hardest hit in.
By the friday market close in hong kong, shares of chinese tech firms listed in the city tumbled. The total expense ratio (ter) of etfs on these indices is. Both companies have american depositary receipts.
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