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Benzinga
Benzinga
World
Madhukumar Warrier

MYSTERIOUS: Why alibaba and other tech stocks are dragging the hang seng index lower today - You Need To See This

Shares of U.S.-listed Chinese tech companies traded notably lower in Hong Kong on Thursday, dragging the benchmark Hang Seng Index into negative territory.

Why Is It Moving? The Hang Seng Index was down 2.6% at the time of writing, after the U.S. Federal Reserve indicated it could start raising interest rates as soon as March even as it kept the benchmark interest rate unchanged Wednesday.

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