The latest report adds to the cautious sentiment toward the tech sector, after the antitrust watchdog levied fines on Alibaba and Tencent Holdings Ltd. over the weekend.
Alibaba Group Holding Ltd. led a drop in Chinese tech shares after the firm was reported to be facing an inquiry in connection with the theft of a vast police database.
The e-commerce giant’s stock slid 5.7%, taking its decline this week to more than 15%. The Hang Seng Tech Index fell 1.8% after the Nasdaq Golden Dragon China Index slid 2.2% on Thursday.
