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Alibaba, Baidu slide as tech stocks falter in Hong Kong on technical hurdle

Summary by South China Morning Post
Technical charts suggest the DeepSeek-fuelled tech rally from a January low is overstretched and due for a near-term pullback.

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South China Morning PostSouth China Morning Post

Alibaba, Baidu slide as tech stocks falter in Hong Kong on technical hurdle

Technical charts suggest the DeepSeek-fuelled tech rally from a January low is overstretched and due for a near-term pullback.

·Hong Kong
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thefinancialanalyst.netthefinancialanalyst.net

Hong Kong Tech Sector Faces Investor Caution Amid Declining Stocks

Recent developments in the Hong Kong tech sector have raised concerns among investors, particularly as major players like Alibaba and Baidu experience declines. Technical indicators suggest that the recent rally in tech stocks, which began in January, may be overstretched and primed for a near-term pullback. This sentiment is reflected in the overall negative sentiment score of -0.184632… Source

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South China Morning Post broke the news in Hong Kong on Wednesday, February 19, 2025.
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