Tech Stock Rotation: Hong Kong Earnings in Spotlight
Update: 2025-11-13
Description
Asian stock markets, excluding China, saw a decline on November 13th as investors shifted away from tech stocks due to concerns about high valuations. This trend was also seen on Wall Street, where the Nasdaq index dropped despite a record high for the Dow Jones Industrial Average. Tech-heavy exchanges like KOSPI and Hang Seng index pulled back, while Japans Nikkei traded flat. Mainland Chinese indexes, with fewer tech stocks, advanced. The focus now turns to upcoming earnings reports from Chinas largest internet and technology firms, which will provide insights into Chinas AI ambitions and consumer spending.
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