Analysis: China’s Tech Giants Could Turn Around Stock Market Rout

Last year saw the MSCI China Index and the Chinese mainland’s benchmark stock index fall for the third straight year, while Hong Kong’s benchmark Hang Seng Index declined for its fourth.

The continued slide was due partly to external factors, such as U.S. interest rate hikes that tightened global capital flows. Geopolitical tensions from conflicts between Russia and Ukraine, and Israel and Palestine also weighed heavily on the mainland and Hong Kong stock markets.