China Enterprises index HSCE falls 1.91% Tech shares slump on regulatory clampdown Evergrande plummets as adverse court ruling comes to light
July 19 (Reuters) - Hong Kong’s benchmark Hang Seng index fell on Monday as fresh investor concerns over a regulatory clampdown hobbled shares of China’s tech giants, and as global concerns over inflation and a surge in coronavirus cases hit investor sentiment. At the close of trade, the Hang Seng index was down 514.90 points, or 1.84%, at 27,489.78. The Hang Seng China Enterprises index fell 1.91% to 9,958.56. The sub-index of the Hang Seng tracking energy shares dipped 1.1%, while the IT sector dropped 3.08%, the financial sector ended 1.69% lower and the property sector declined 1.17%. Shares in Hong Kong-listed Chinese tech giants were battered after a Shanghai court on the weekend posted a list of “typical unfair competition cases” involving companies including Tencent, Baidu, and Alibaba’s Alipay on its officia
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