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Steven Leung

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Chinese tech stocks decline as Xiaomi and Alibaba face market concerns

Chinese technology stocks faced a notable decline on March 25, 2025, with the Hang Seng Tech Index dropping 3.8% and nearly 9% since its peak on March 18. Xiaomi Corp's shares fell over 6% due to a US$5.5 billion share placement, raising liquidity concerns, while Alibaba's stock dropped more than 3% amid warnings of a potential bubble in data center construction. Sunny Optical Technology Group experienced a nearly 9% decline after signaling market restructuring due to excess capacity, prompting increased caution among investors in the sector.
Tech in Asia
United States Dollar Sunny Optical Technology (Group) Co Ltd BYD COMPANY Xiaomi Corp Alibaba Group Holding Ltd. HKG USA CHN Steven Leung Show more
Finance & Economy, Market Report
07:40 25.03.2025
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