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China ADRs Tumble in Longest Rout Since 2019 on Fresh Risks msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Beijing: For weeks now, optimists have said China s tech crackdown has been priced in by the stock market. A fresh round of regulatory angst has shaken that thesis to its core. The market capitalization of shares in a gauge of China s internet sector dropped by about $200 billion this week alone, as Beijing vowed to increase scrutiny over data collection and overseas listings. It has slumped by more than $1.1 trillion since a Feb. 17 peak, with the index down some 35%, according to calculations by Bloomberg. China s pivot to data-amassing titans such as Didi Global Inc. has created a fresh round of uncertainty for investors already dealing with scrutiny in areas such as fintech, anti-monopolistic practices and after-school tutoring. Besides Big Tech, stocks linked to live marketing, electric-vehicle production and the education industry also look vulnerable. ....
Andrew Pyle s Top Picks: July 9, 2021 U.S. stocks climb to all-time highs while bonds retreat John Zechner s Top Picks: July 8, 2021 Meme stocks are on brink of bear market as retail frenzy fades Banks poised for 13% dividend boost when OSFI allows Brian Madden s Top Picks: July 7, 2021 Dennis Da Silva s Top Picks: July 6, 2021 Ross Healy s Top Picks: July 5, 2021 Telus, Enbridge greenium boosts sustainability-linked bonds Alex Ruus Top Picks: July 2, 2021 We re #28! TSX rides commodity rally to outpace Dow Industrials Colin Stewart s Top Picks: June 30, 2021 U.S. stock euphoria abates at end of big first half Bruce Campbell s Top Picks: June 29, 2021 Lorne Steinberg s Top Picks: June 28, 2021 ....
Beijing's Didi Crackdown Sparks Tumultuous Week for Chinese ADRs bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Following Didi app ban, China cracks down on companies seeking US IPOs SHARE A crackdown by the Chinese government on companies that choose to go public in the U.S. may put the initial public offerings of dozens of Chinese companies at risk The suggestion, according to Bloomberg, comes after the Cyberspace Administration of China banned the Didi Chuxing app from app stores in mainland China. Didi Global Inc. was listed on the New York Stock Exchange on June 30 in the biggest float of a Chinese company since Alibaba Group Holding Ltd. in 2014 and the Chinese Communist Party did not approve. ....