Hong Kong-listed technology stocks led declines in Chinese shares as investors weighed recent gains against an upswing in Covid-19 infections and lockdown-like restrictions affecting swathes of Beijing.
Malaysia’s ringgit extended gains as the appointment of a new prime minister cleared the political gridlock that has gripped the nation since recent elections.within sight of this month’s high after the central bank governor said he needs to see strong signs that inflation is under control before discussing any prospect of a pivot away from policy tightening.
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Business Maverick: Asian stocks edge up and Hong Kong tech shares seesaw: markets wrapEquities advanced in Asia following a rally on Wall Street, while Hong Kong-listed technology stocks fluctuated amid speculation that China’s regulatory crackdown on the sector may be closer to ending.
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