Asian Tech Crash? Alibaba Soars 17%!
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Asian markets dipped following a US tech slump, with chipmakers like Samsung and SK Hynix suffering significant losses after US sanctions on China. The Nikkei fell 1.6%, while the MSCI Asia Pacific Index edged down 0.1%. However, Hong Kong bucked the trend, boosted by a 17% surge in Alibaba, lifting other AI companies like Baidu and Tencent.
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