China tech stocks
The Hang Seng Tech Index plummeted nearly 9 per cent dragging the Hang Seng Index down about 4 per cent while Chinas onshore CSI300 Index dropped 24 per cent. Hong Kong stocks rebounded from near a 21-month low as traders sought bargains in battered Chinese tech companies on valuation appeal even as the citys reimposed of tough social-distancing.
Chinese Tech Stocks Drop To New Crackdown Lows Led By Alibaba 2022
2 days agoChina bulls.
. CNBCs Eunice Yoon joins Squawk Box to break down why Honk Kong shares of dual-listed companies fell during Friday trading. And Haidilao International Holding Ltd. The historic slide in tech stocks is baffling China bulls the number of which had grown this year as strategists bet on a rebound thanks.
If it provides that Western nations could extend their sanctions to China. A Bloomberg gauge of Macau gaming stocks rose 34 its biggest gain in over two weeks. Chinese tech stocks fell in Hong Kong amid concerns about Alibaba Group Holdings plan to register more American depositary shares.
Tencent shares have lost 40 since a peak in January last year. China shares fell on Tuesday hit by consumer and metaverse stocks as investors dumped riskier assets on worsening Ukraine crisis while fears over a fresh round of regulatory crackdowns in the. A private report today showed Chinas services industry grew.
Airlines and restaurants also surged with Air China Ltd. The key Asian stock gauge is poised to erase its earlier gain in February hurt also by a renewed selloff in Chinese tech giants including Alibaba Group Holding Ltd plunged 31 in Hong Kong as China asked firms to check their financial exposure to Ant Group Co in which the e-commerce leader owns a one-third stake. Investors in Chinese technology stocks hoping to catch a break after last years brutal crackdown are finding themselves dodging new curveballs instead.
2 days agoRussia has asked China for military and economic aid. Investor worries over the potential for a fresh wave of regulatory crackdowns in Chinas tech firms set off steep drops in shares including. Chinas securities regulator said on Friday it is confident it will reach an agreement with US counterparts on securities supervision.
The gaming giant along with peers such as Alibaba and Meituan. Chinese technology shares had their worst two-day drop since July due to renewed fears Beijing may roll out more restrictions for private enterprise. Chinas New Crackdown Shows 15 Trillion Tech Rout Not Over Yet.
Chinese food-delivery giant Meituan 3690.
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