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Alibaba antitrust fears worsen China tech giants selloff

Alibaba antitrust fears worsen China tech giants selloff
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

China, HK shares firm on Brexit talk progress; Alibaba tumbles on probe

Article content SHANGHAI China’s blue-chip stock index and Hong Kong shares inched higher on Thursday morning as progress in Brexit talks lifted sentiment globally, although Jack Ma’s Alibaba Group tumbled after Beijing launched an anti-monopoly probe. China’s benchmark CSI300 index rose 0.1% to 5,013.48 by the end of the morning session, though the Shanghai Composite Index lost 0.2% to 3,375.21. In Hong Kong, the Hang Seng index added 0.2% to 26,386.56. The Hong Kong China Enterprises Index lost 0.5% to 10,430.53. Investors cheered news that Britain and the European Union were on the cusp of striking a narrow trade deal on Thursday, which would help avoid shipping and travel chaos on both sides of the English Channel.

Top 5 Asian Stocks to Buy for 2021

Top Asian Stocks to Buy in 2021 TheStreet 3/2/2021 © TheStreet Top Asian Stocks to Buy in 2021 Here in Hong Kong, we were terrified when a mystery virus emerged in Wuhan, a topic I first wrote about on Jan. 21. Thanks to the experience of SARS in 2003, Asia has fared a lot better than other parts of the world, with voluntary mask-wearing and social distancing taking hold a lot faster than mandated. Small blessings. Popular Searches 2021 will surely be a year of recovery. Asia has been buffeted by disrupted trade winds during the U.S.-Sino tensions. We re yet to see how that may manifest in a Biden administration, but the focus may switch to diplomacy and away from tariffs. Vaccine rollouts may see developed economies get back quicker than emerging Asia. But long term, that s where the growth is.

Top 5 Asian Healthcare Stocks for 2021

Top 5 Asian Healthcare Stocks for 2021 Here are five picks in a sector whose private- and public-sector support is sure to continue as Asia ages. Stocks quotes in this article: JD, BABA Health care has obviously dominated the world s attention in 2021. Having gained a short-term shot in the arm, private- and public-sector support for the sector is sure to continue in the years ahead, particularly as Asia ages. Today, I m highlighting five healthcare stocks to watch in Asia for 2021. This builds on Wednesday s Top 5 Asian Tech Stocks for 2021, showcasing five smaller tech companies in Asia worth a look; and Monday s Top 5 Asian Consumer Stocks for 2021, spotlighting five consumer-related plays that stand to gain in the year ahead as Asia recovers from Covid-19.

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