Jakarta –
Shares of Chinese tech giant Alibaba in Hong Kong are back in the spotlight again after Chinese regulators ordered affiliates from Alibaba Ant Group is to improve its business.
Launch CNBC, Monday (28/12/2020), at the close of the Hong Kong market on Monday, shares Alibaba in the Hong Kong capital market it fell by 7.98%, adding to the losses for the company. Alibaba’s stock decline has occurred since last Thursday following reports that Chinese regulators will investigate the tech giant for alleged monopolistic behavior.
Shares of other Chinese tech companies listed in Hong Kong also fell significantly, such as Tencent down 6.65% while Meituan slipped 6.88%. China’s largest chip maker SMIC in the Hong Kong stock market also fell 4.2%.
That caused the Hang Seng Tech Index to drop 4.26% on the day to 7,795.78 levels.
Meanwhile, stock markets in Asia closed mixed. In Japan, the Nikkei 225 index was up 0.74% to 26,854.03 while the Topix index was up 0.54% to a level of 1,788.04. South Korea’s Kospi closed slightly higher at 2,808.60.
(das / dna)
– .
