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Hong Kong-Listed Tech Stocks Face Downward Pressure, Tencent and Alibaba See Nearly 30% Year-to-Date Declines
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Author：小编
On June 23, 2026, Hong Kong-listed technology stocks persisted in their downward trajectory. The stock price of Tencent Holdings plummeted to HK$417.2, marking a 3.65% single-day drop. Its total market capitalization, now hovering around HK$3.8 trillion, has dipped below the HK$4 trillion threshold, with a year-to-date cumulative decline of 29.54%. Similarly, Alibaba's stock price witnessed a decline of over 3%, settling at HK$99.8. This fall has pushed the price below the HK$100 mark, reaching a new low since April 2025, and the stock has experienced a year-to-date cumulative decline of 29.49%.
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