THE worldwide slump in technology stocks deepened on Tuesday, with fresh signs of regulatory scrutiny in China adding to investor angst over inflation and stretched valuations.
The Hang Seng Tech Index sank as much as 4.5%, extending its tumble from a February high to about 30%.
Meituan paced declines after the Chinese e-commerce giant’s business practices were criticized by an influential consumer advocacy group, just days after the company’s CEO shared and then deleted a poem on social media that some interpreted as a veiled criticism of Beijing.