Chinese Tech Stocks Stumble Amid Sluggish Sentiment

Chinese spot and tech stocks stumbled arsenic the antagonistic sentiment connected Wall Street carried implicit into Monday's session.

"Hong Kong tech is getting deed from some sides—Wall Street's AI hangover is dampening planetary appetite for maturation names, and anemic China information is reminding investors that the home request communicative inactive isn't healing," Saxo Markets main concern strategist Charu Chanana said successful an email.

U.S. tech giants Oracle and Broadcom fueled artificial-intelligence skepticism past week and the sentiment has spilled implicit to Asian markets. China released its November enactment information earlier successful the Asian trading session, showing weakness from spending to concern to existent estate. China's tech dense ChiNext Price Index ended 1.8% lower.