A woman walks past a bank’s electronic board showing the Hang Seng Index on Novenber 8. Photo: AP
A woman walks past a bank’s electronic board showing the Hang Seng Index on Novenber 8. Photo: AP
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Chinese tech stocks extend losses on Alibaba price downgrades while Xiaomi sinks on earnings concerns

  • Analysts from Deutsche Bank, Nomura and UOB have slashed Alibaba’s price targets following earnings disappointment while Xiaomi crashes on sales miss
  • Hang Seng Index has lost about 4 per cent over the past week on renewed selling while mainland Chinese traders fled from Hong Kong market sell-off

A woman walks past a bank’s electronic board showing the Hang Seng Index on Novenber 8. Photo: AP
A woman walks past a bank’s electronic board showing the Hang Seng Index on Novenber 8. Photo: AP
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