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Top News In அலெக்ஸ் ஃப்ர்யூ மக்மிலந் Today - Breaking & Trending Today

Chinese Tech Stocks Sell Off Hard as Beijing Pulls Away Punch

Chinese Tech Stocks Sell Off Hard as Beijing Pulls Away Punch
The index of major Chinese technology companies listed in Hong Kong has given up 20.5% of its value in less than a month.
Chinese stocks were hit hard on Monday. Traders are grappling with a bear squeeze and mulling the prospect of tighter domestic policy in the world s second-largest economy. Growth stocks, tech stocks and other momentum trades bore the worst of the selling.
The CSI 300 index of the largest companies in Shanghai and Shenzhen fell 3.5% on Monday, its worst day since last July. In Hong Kong, the Hang Seng fell 1.9%. Mainland Chinese shares have now dropped 12.5% from their highs in early February. ....

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China's Rubber-Stamp Congress Set to Kick Off

China s Rubber-Stamp Congress Set to Kick Off
Cracking down on Hong Kong and outlining plans for future growth are two key items on the agenda in Beijing.
Stocks quotes in this article:
TSM
China s Congress will begin its annual meetings this week. Two key priorities will be economic agenda setting, and cracking down on restive Hong Kong. Communist officials are likely to propose new rules on who can run for public office in Hong Kong, to make certain only Communist-friendly patriot candidates can stand.
There will be an avalanche of propaganda out of the event. The snowball is already rolling on the importance of patriots governing Hong Kong, with Beijing s representative in Hong Kong repeatedly stressing those exact words translation: politicians who support the Chinese Communist Party at a symposium across the border in Shenzhen on Sunday and Monday. ....

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Hong Kong Charges 47 Politicians for Taking Part in Politics

In a Kafkaesque move, the Hong Kong authorities charged would-be members of Congress with subversion, for attempting to get elected to Congress. ....

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Tyme for Asia as HSBC and South African Online Bank Expand

Europe's biggest bank, HSBC, is in an impossible political situation, caught between London and Hong Kong. South Africa's TymeBank will have it easier expanding into the Philippines..HSBC ....

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China 'Advises' Biden to Roll Back Trade Tariffs

China's foreign minister says the U.S. should get back to business under Biden, and forget about thorny issues like Taiwan. ....

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