Chinese technology stocks approach the correction in a sharp transformation of morale

The shares of the technological sector in China fell in its largest rate in a month, after the sale of the shares exported by Xiaomi, at a value of $ 5.5 billion to the morale of investors, affected a market suffering from the absence of momentum. The Seng Tech Index index fell 3.8% on Tuesday, bringing its losses to more than 9% since the highest level on March 18. The shares of “Xiaomi” also fell 6.6% during the transactions after the company announced the increase in the volume of the offer. Chinese stocks recorded fluctuations during the last sessions, while investors continue to search for new engines to expand the wave of Ascension that exceeded the rest of the world markets. Although the profits of Chinese technology companies have largely exceeded the estimates or were identical during the last business season, maintaining this momentum became more complicated, especially with the approach of the ‘hanging Sing for Technology Sector’ evaluation of the average within three years. The warning issued by the chairman of the board of directors of ‘Ali Bababa Group Holding’ on a possible bubble that exists in the market construction market, also on morale. The effect of “Xiah Hong Kong”, CEO of Uob Hong Kong, said that the profits of technology companies have come well so far, but it was not sufficient to make a “positive surprise”. He added that “the increase in the size of the offer that Xiaomi affected the morale in the market during the contemporary session, because some fear that such a statement will lead to the available liquidity in the market.” The sale of Xiaomi shares comes in the aftermath of the BYD CO company, which amounts to $ 5.6 billion earlier this month. Although this long -term funding can benefit businesses, their shares are immediately subject to the increase in offer and their sale at reduced prices, according to analysts. The decline in the Chinese market came on Tuesday, as opposed to rising trends in the rest of the Asian markets, after US President Donald Trump indicated that mutual customs duties, which were expected to be imposed on specific sectors on April 2, could be less severe than expected. The hanging Seng China Enterprises index fell by more than 2%. Even with the decline recorded in the contemporary session, the ‘Hanging Sing For Technology Sector’ has been 24%since the beginning of the year. Investors have rushed to reconsider Chinese technology shares since Deepseeek emerged earlier this year, while President Xi Jinping’s meeting with senior businessmen contributed to accelerating the rate of equity. The fear of the data centers is bubbling, any new decline in the shares of Chinese technology that would cause investors’ concerns, and the increasing narrative that considers a potential investment alternative in the Chinese market can undermine a time when investors are reconsidering the idea of ​​”US exceptional”. The shares of the “Ali Baba” group fell by more than 3% after its chairman warned against the establishment of data centers. The shares of the company “Sunny Optical Technology Group” by 11% after the company warned against a glut in the production capacity. “Ali baby has warned about the potential bubble in building artificial intelligence data, which has increased the pressure on the market, suggesting that the glowing wave of artificial intelligence may have a short obstacle.”