Hang Seng Tech

China's Hang Seng Tech Index, which includes Chinese tech giants like Tencent and Alibaba, is down 28% since October 2025, shedding nearly $600B in market value

Hang Seng Tech Index, which tracks the top 30 Hong Kong-listed tech stocks, is up 41% YTD vs. Nasdaq's 17%, driven by China's AI and chip self-sufficiency push

William Sandlund / Financial Times :

Analysis: Baidu's stock is trading at a forward P/E ratio of ~9.7, the lowest of any profitable Hang Seng Tech Index company, amid AI competitiveness concerns

Jeanny Yu / Bloomberg :

China's crackdown on its tech giants wiped a combined $823B off their market value since a Feb. peak, with Tencent, Alibaba, and Kuaishou as the biggest losers

- Selling in technology sector seen continuing this quarter  — Hang Seng Tech Index has lost 31% from February high