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Hang Seng Plunges 2% as Tencent and Alibaba Lead Tech Rout; Market Sentiment Sours, Funds Rotate to Defensives
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Hang Seng Plunges 2% as Tencent and Alibaba Lead Tech Rout; Market Sentiment Sours, Funds Rotate to Defensives

Hong Kong's Hang Seng Index tumbled over 2% on Monday, with tech heavyweights Tencent and Alibaba leading the decline amid renewed regulatory and external policy concerns. Investors shifted into defensive sectors like utilities and telecoms, signaling a cautious turn in market sentiment.

YayaNews2026-06-25 21:183 min

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