China Tech Falls as Macau Casino Curbs Stoke Fear of More Limits

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China tech stocks declined as government scrutiny on Macau casinos fueled concerns that Beijing was strengthening its regulatory crackdown. The country’s weakening retail sales growth also weighed on e-commerce shares.

Hong Kong’s Hang Seng Tech Index slid by as much as 2.5%, on pace to extend losses to a third day, the longest losing streak in a month. The worst performers were Ming Yuan Cloud Group Holdings and JD Health International Inc. They fell by at least 7.1% each.