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International Business News: China’s tech stocks slumped to new lows on Friday and Hong Kong’s benchmark index hit an almost 10-month trough, as an unrelenting series of Chinese r
The epicentre of the selloff has been the tech sector as foreign investors are now afraid they can't quantify the regulatory risk.
(Reuters) - China's tech stocks slumped to new lows on Friday and Hong Kong's benchmark index hit an almost 10-month trough, as an unrelenting series of Chinese regulatory crackdowns crushed investors' confidence.
(Reuters) - China's tech stocks slumped to new lows on Friday and Hong Kong's benchmark index hit an almost 10-month trough, as a constant drip feed o...
REUTERS/Aly Song August 4, 2021 Bewildered investors in China’s tech sector scrambled once again from regulators on Tuesday, fearing that a state media story that likened internet gaming to opium signals a new front in the barrage of scrutiny that is being directed toward big business. The article was later altered to remove the historically loaded opium reference, but, together with the opening of a probe into automotive chip distributors, it roiled markets still smarting from a panic sell-down a week ago. Tencent, the social-media-to-gaming behemoth, fell 6% and was briefly knocked from...