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The Hang Seng index dropped on Wednesday as China's technology sector faced up to new government regulations and a tech drop overseas. The trading distress even reached beyond China's borders, as Singapore's Sea Ltd. was hit with a selloff as well.
Asian markets had a mixed start to the week. Chinese government policy, COVID-19, and rising inflation are among the factors that may be impeding growth in share prices.
Apple held its annual product event yesterday, the biggest this year for the tech company. The smartphone giant unveiled the next iPhone 13 lineup, new smart watches, and more.
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