Covid-19 lockdowns and China s position on the Ukraine conflict led to tech shares rout on Tuesday, slashing billions of dollars from the likes of Alibaba Group Holding and Tencent Holdings in Hong Kong, media reports said.According to South .
Beijing, March 15 (IANS) Covid-19 lockdowns and China's position on the Ukraine conflict led to tech shares rout on Tuesday, slashing billions of dollars from
Covid-19 lockdowns and China s position on the Ukraine conflict led to tech shares rout on Tuesday, slashing billions of dollars from the likes of Alibaba Group Holding and Tencent Holdings in Hong Kong, media reports said.
SA stocks near a record as rand boosts banks moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
South African stocks held steady near recent all-time highs on Friday.
Naspers rose 1.5%, while unit Prosus, which holds the Cape Town-based company’s 31% stake in Tencent, gained 1.3%.
Gold stocks supported the market as bullion prices steadied while investors parsed details of the US stimulus package.
South African stocks held steady near recent all-time highs on Friday as investors scrutinised US President-elect Joe Biden’s much-anticipated $1.9 trillion relief plan for the world’s largest economy.
The benchmark FTSE/JSE Africa All Share Index was little changed as of 9:56 a.m. in Johannesburg after closing at a record Thursday. Tech investor Naspers [JSE:NPN] supported the market amid a continued rally in partly owned Tencent Holdings in Hong Kong. Mining giants BHP and Anglo American [JSE:AGL] weighed on the gauge, giving up some of their recent gains.