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Markets

Chinese technology stocks swing wildly in Hong Kong

Hang Seng sector index rebounds fully from 7% plunge, then falls back down

Hong Kong-listed shares in Alibaba Group Holding have hit new all-time lows.   © Reuters

HONG KONG/NEW YORK -- Chinese technology stocks swung wildly in Hong Kong on Tuesday, compounding overnight losses in New York.

The Hang Seng Tech Index initially sank 7.2% when trading started in Hong Kong. It then turned positive later in the morning session before turning downward again, ultimately closing down 8.1%. 

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