Powered by China, a Technology Benchmark Opens in Hong Kong

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A new tech benchmark that includes China’s most valuable companies opens in Hong Kong, and falls more than the city's broader stock market

HONG KONG—A new technology stock benchmark that includes China’s two most valuable companies made its debut on Monday, falling more than Hong Kong’s broader stock market as it sought to give investors a better read on the tech sector’s growth and relative performance.

The Hang Seng Tech Index, which tracks 30 technology companies listed in the city, climbed as much as 2.2% on Monday morning before ending the day down 1.3%, versus a 0.4% decline in the broader 50-stock Hang Seng Index.

 

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