Chinese Stocks Near Correction as Rally Fades on Weak Economy

Bloomberg Chinese stocks in Hong Kong neared key bearish technical levels on Tuesday as fading tech gains and renewed economic growth concerns fueled a sharp selloff. The Hang Seng China Enterprises Index slid 1.8% and the MSCI China Index fell 1.6% Tuesday, with both briefly entering technical correction. Alibaba Group Holding Ltd. and Tencent Holdings Ltd. were among the worst drags, while a gauge of tech stocks traded in Hong Kong was just shy of a bear market. Most Read from Bloomberg The recent p ...