Chinese technology stocks failed to build on a rally amid concerns China’s liquidity injection will not be enough to arrest a slowdown in the economy. Weibo, China’s Twitter, slumped on its Hong Kong trading debut.
The Tech Index closed little changed on Wednesday after a 4.2 per cent rally a day earlier. The Hang Seng Index, which tracks sentiment on the broader market, rose less than 0.1 per cent to 23,996.87 after a 2.7 per cent surge on Tuesday. China’s Shanghai Composite Index added 1.2 per cent.
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