Chinese technology stocks fell on Friday driving the
Dangle Seng
Index to new lows. They appeared to be following U.S. traders who have fled from the sector just after a string of disappointing earnings reports.
Alibaba
(ticker: BABA) inventory was down 5% in Hong Kong, when
JD.com
(JD) fell about 7% and
Baidu
(BIDU) and
Tencent
(TCEHY) ended up down all around 6%. The Hang Seng Tech Index closed down 5.6%, contributing to a drop in the Cling Seng Index of 3.7%, hitting its lowest degrees since April 2009.
