Chinese Tech Stocks Plunge on Escalating Trade War - WSJ

1. Hong Kong's Hang Seng Tech Index fell 14% amid tariff concerns. 2. BYD Electronic and Lenovo Group declined 19% and 20%, respectively. 3. China retaliates with 34% tariffs, risking economic repercussions. 4. China's credit rating cut due to rising public debt concerns. 5. Manufacturing activity shows recovery but risks remain from tariffs.