Business Maverick: China tech stocks slide for second day amid US delisting risks

The Hang Seng Tech Index, which tracks some of the biggest Chinese firms in the sector, lost as much as 3.9% in early trading on Friday. It fell 1.4% on Thursday after the U.S. securities regulator played down the prospect of an imminent deal to keep Chinese companies listed there.Baidu Inc., which wasto the list of firms facing possible delisting, tumbled as much as 8.8% while Bilibili Inc. dropped more than 8%. Both were among the worst performers on the tech gauge.

The two-day selloff in tech names shows that investors remain on edge amid a long-standing dispute over whether American regulators can get full access to U.S.-traded Chinese company audits. In response comments by the Securities and Exchange Commission chair, China said talks with the U.S. accounting watchdog will continue.

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