Hong Kong Stocks Plunge on Profit-Taking Amid China Market Rebound

Hong Kong Stocks Plunge connected Profit-Taking Amid China Market Rebound

The Hang Seng Tech Index fell 13% to 4695.81. The crisp diminution successful Hong Kong reflected profit-taking arsenic investors sought to capitalize connected affirmative sentiment successful China's A-share market, which resumed trading aft a agelong holiday, according to Macquarie Capital's caput of China equity strategy, Eugene Hsiao. Longfor Group plunged 23%, China Life Insurance slumped 21%, and China Mengniu Dairy and China Resources Mixc Lifestyle Services shed 19% each.