Chinese Tech Stocks Slump as Nasdaq's Golden Dragon Index Dips

On Tuesday, major Chinese stocks experienced significant declines, leading to a 6.85% drop in the Nasdaq Golden Dragon China Index (HXC). Among those showing gains, Taiwan Semiconductor Manufacturing (TSM) rose by 0.86%, WSP Global (WSP) increased by 1.08%, and RLX Technology (RLX) edged up by 0.53%.Notable decliners included Alibaba (BABA, Financial) which plunged by 6.66%, Pinduoduo (PDD) down by 5.38%, JD.com (JD) falling 7.52%, and NetEase (NTES) which decreased by 5.14%. Travel service company Trip.com ...