US tech giants are resisting a proposed Hong Kong cybersecurity law, claiming it grants the government excessive control over their systems and jeopardizes data security.
Fears over Chinas economic recovery and consumer spending triggered a decline in Chinese tech stocks, exacerbated by Walmarts divestment from JD.com and disappointing tech sector performance.
Global markets show a mixed bag of trends, with Asian stocks rising on US optimism and rate cut hopes, but trading volume remains subdued ahead of the Federal Reserves Jackson Hole symposium.