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Investors take cover in bank stocks on US tech turmoil

'Clearly, this is a reversal of recent trends and begs the question whether we’re seeing the start of a change in market leadership'

Financial stocks on the benchmark Hang Seng index outperformed their competitors on 7 January, following reports that US officials are considering banning US investment in Alibaba and Tencent.

The Trump administration has in recent weeks discussed expanding a blacklist of companies with alleged ties to Chinese military and security services to include the technology giants.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump