{"slug": "hong-kong-stocks-rebound-in-contrast-to-overnight-sell-offs-in-us", "title": "Hong Kong stocks rebound, in contrast to overnight sell-offs in US", "summary": "Hong Kong stocks rebounded on Wednesday, with the Hang Seng Index rising 0.6%, contrasting with a 3.3% plunge in the Nasdaq 100 overnight driven by concerns over frothy tech valuations and unwinding of leveraged bets on South Korean chipmakers. The Hang Seng Tech Index gained 1%, while mainland China's CSI 300 slipped 0.1%.", "body_md": "# Hong Kong stocks rebound, in contrast to overnight sell-offs in US\n\nHang Seng Index up 0.6% after 3.3% plunge in Nasdaq 100 on concerns about frothy tech valuations\n\n[Zhang Shidong](/author/zhang-shidong)in Shanghai\n\n[stocks](https://www.scmp.com/business/markets?module=inline&pgtype=article)rebounded on Wednesday, bucking an overnight rout in US stocks spurred by jitters about frothy technology company valuations and an unwinding of leveraged bets on South Korean chipmakers.\n\nThe Hang Seng Index rose 0.6 per cent to 23,482.58 by 9.33am. The Hang Seng Tech Index gained 1 per cent. Mainland China’s CSI 300 Index slipped 0.1 per cent.\n\nUS stocks tumbled overnight, battered by sell-offs in technology stocks on growing concerns about the rapid pace of share price rises among AI-related stocks. The Nasdaq 100 index plunged 3.3 per cent.\n\nSouth Korea’s Kospi index was in focus in Asian trading amid elevated volatility. The gauge rebounded more than 4 per cent after a 10 per cent plunge on Tuesday that at one point triggered a circuit breaker. Japan’s Nikkei 225 was little changed.\n\nEarnings results from US memory chipmaker Micron Technology, due later on Wednesday, will take centre stage. They will offer investors a sense of whether artificial intelligence infrastructure buildouts remain robust enough to give fresh legs to the stock market.", "url": "https://wpnews.pro/news/hong-kong-stocks-rebound-in-contrast-to-overnight-sell-offs-in-us", "canonical_source": "https://www.scmp.com/business/china-business/article/3358123/hong-kong-stocks-rebound-contrast-overnight-sell-offs-us?utm_source=rss_feed", "published_at": "2026-06-24 01:50:24+00:00", "updated_at": "2026-06-24 02:20:55.559669+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-chips"], "entities": ["Hang Seng Index", "Nasdaq 100", "Hang Seng Tech Index", "CSI 300", "Kospi", "Nikkei 225", "Micron Technology"], "alternates": {"html": "https://wpnews.pro/news/hong-kong-stocks-rebound-in-contrast-to-overnight-sell-offs-in-us", "markdown": "https://wpnews.pro/news/hong-kong-stocks-rebound-in-contrast-to-overnight-sell-offs-in-us.md", "text": "https://wpnews.pro/news/hong-kong-stocks-rebound-in-contrast-to-overnight-sell-offs-in-us.txt", "jsonld": "https://wpnews.pro/news/hong-kong-stocks-rebound-in-contrast-to-overnight-sell-offs-in-us.jsonld"}}