Chinese tech stocks in correction territory amid profit-taking, global selloff
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 31 2025
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Source: SeekingAlpha
Chinese Tech Stocks Correction: Chinese technology stocks have entered correction territory, with the Hang Seng Tech index dropping about 12% from its peak this year due to profit-taking and a subdued recovery in China, despite no specific negative news impacting the sector.
Market Trends and Future Outlook: The broader market is experiencing declines ahead of U.S. tariff announcements, but analysts believe that Chinese tech stocks still have potential for appreciation given their low valuations and earnings prospects.
Analyst Views on CQQQ
Wall Street analysts forecast CQQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CQQQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 57.130
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Current: 57.130
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
