SpaceX slump fails to dent Hong Kong tech as investors seen pivoting

A sharp pullback in US space-technology giant SpaceX and renewed valuation pressure on Wall Street’s tech heavyweights are unlikely to trigger a major sell-off in Hong Kong equities, according to analysts, who note that local tech firms operate under distinct business models and lack the stretched valuations of their overseas peers. “I don’t think there will be much impact” in Hong Kong, said Kenny Tang Sing-hing, chairman of the Hong Kong Institute of Financial Analysts and Professional...