🔴 1024.HK tumbles 7.5% following removal from S&P Global 1200 amid Chinese tech risk-off sentiment

Kuaishou Technology's stock (1024.HK) is trading 7.5% down at $43.68, driven by its recent exclusion from the S&P Global 1200 index. This comes amid broader risk-off sentiment impacting the Chinese technology sector. The decline also reflects profit-taking after recent gains, with the S&P delisting serving as a fresh, negative catalyst.