Stay updated with breaking news from Peter Garnry. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
China stocks snapped a three-day winning streak to end lower on Thursday, as tech shares stepped back after a sharp rebound, while a government-induced slowdown in the country's property market deepened concerns over the economic health.
SHANGHAI — Hong Kong and China stocks pulled back on Thursday as a sharp rally in tech shares petered out, and China Evergrande Group’s profit warning knocked…
Hong Kong stocks snapped a three-day winning streak to close lower on Thursday, as tech shares dropped after a recent rebound, while China Evergrande Group’s…
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 ro...
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 en...