China tech stocks
China shares fell on Tuesday hit by consumer and metaverse stocks as investors dumped riskier assets on worsening Ukraine crisis while fears over a fresh round of regulatory crackdowns in the. 913 AM IST 22 Feb 2022 806 PM IST 23 Feb 2022 913 AM IST 22 Feb 2022 806 PM IST 23 Feb 2022.
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. Tencent shares have lost 40 since a peak in January last year. Chinas New Crackdown Shows 15 Trillion Tech Rout Not Over Yet. The gaming giant along with peers such as Alibaba and Meituan.
The targeting of tech company ACM Research fast-food giant Yum China and biotechnology groups BeiGene Zai Lab and HutchMed triggered a sell-off in Chinese stocks traded in the US leaving the. Hong Kong stocks rebounded from near a 21-month low as traders sought bargains in battered Chinese tech companies on valuation appeal even as the citys reimposed of tough social-distancing. Save Bloomberg --Asian equities slid for a third day as escalating tensions over Ukraine and fresh regulatory scrutiny on Chinas tech sector unnerved.
The historic slide in tech stocks is baffling China bulls the number of which had grown this year as strategists bet on a rebound thanks.
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