As a result of the United States’ ban on China Telecom fans, Hong Kong is the lowest-ranking city in Asia. Hong Kong led most Asian markets lower on Wednesday, with IT giants in the crosshairs after China Telecom was barred from operating in the United States, escalating already tense relations between the superpowers as inflation fears lingered. In recent weeks, a solid corporate earnings season has provided much-needed support to investors, as corporations demonstrated resilience in the face of supply disruptions, rising commodity and wage prices, and rising Covid cases. Long-standing tensions between Washington and Beijing, however, continue to cast...