Hong Kong leads Asia down with tech hurt by US China Telecom ban

HONG KONG: Hong Kong led most Asian markets lower Wednesday with tech firms in the firing line after China Telecom was banned from the United States, adding to already fraught tensions between the superpowers as concerns lingered about inflation.

A strong corporate earnings season has provided some much-needed support to investors in recent weeks as companies showed resilience in the face of supply snarls, surging commodity and wage costs, and spiking Covid cases.