Page 9 - செயலிழக்க செங் தொழில்நுட்பம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
GLOBAL MARKETS-Asian shares extend losses, set for worst month since March 2020
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No gain without pain: Why China s reform push must hurt investors | Hellenic Shipping News Worldwide
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MoA - China Cracks Down On Tech - Its People Benefit
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T
he Hang Seng Index (HSI) is down another 4%+ today as China continues to clampdown on technology companies, with the regulators taking aim at the food sector today. The HSI is now down nearly 20% after printing an all-time high in February this year. The indices’ constituents are a sea of red with double-digit losses seen in Alibaba Health Info tech (-18.5%), China Feihe (-16.2%), Meituan Dianping (-17.6%) among others. The Hang Seng Tech index has been hit even harder and the recent sell-off has seen the indices lose over 40% this year,
The daily HSI chart shows the recent damage caused by the government crackdown with the index now trading below all three simple moving averages, while the 50-day sma has fallen through the 200-day sma, forming a bearish ‘death cross’. The CCI indicator is flashing an extreme oversold warning, while volatility, measured by the 14-day ATR, is climbing sharply. The multi-month higher low made at the end of last year has been broken with ease
Analysis: No gain without pain: Why China s reform push must hurt investors
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