Hong kong’s hang seng tech index tumbled 6.6%, the worst performance for the benchmark since it launched almost. The selloff knocked companies such as tencent holdings ltd. Pin On Theodark September 15, 2021, 9:30 pm pdt updated on september 16, 2021, 2:45 am pdt. Chinese tech stocks drop . Stocks crash to push more china cash into global real estate. A selloff in chinese technology stocks accelerated as investors unnerved by beijing’s widening crackdown on internet companies. Hong kong’s broader hang seng index ended the trading day about 0.1% lower at 23,766.69. The hang seng tech index declined 1.53% to 5,925.52. The delisting threats failed to discourage chinese tech group ipos (initial public offering) on wall street, which rose at an average of 22% on the first trading day. World is still hooked on cheap money. Chinese tech shares drop on new rules to prevent data, consumer abuse big tech in china will not be allowed to use algorithms to sway customer behavi...