Mainland China markets follow US in embracing tech stock dominance
Mainland China’s stock markets are converging with those in the US when it comes to the concentration of technology companies, with the sector becoming the biggest constituent of key equity benchmarks. Technology stocks now represent 27 per cent of the weighting in the CSI 300 Index – which tracks the Shanghai and Shenzhen markets – twice as much as a year ago. That has put the tech sector on top of the benchmark’s 10 industry groups, with financials and industrials ranked second and third...
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