China tech stocks
Shares in Alibaba Tencent Meituan and other tech firms dropped as the Hang Seng Tech Index is set for its lowest close since July 2020. Investor worries over the potential for a fresh wave of regulatory crackdowns in Chinas tech firms set off steep drops in shares including.
Chinese Tech Stocks Drop To New Crackdown Lows Led By Alibaba 2022
Chinas securities regulator said on Friday it is confident it will reach an agreement with US counterparts on securities supervision.
. A private report today showed Chinas services industry grew. Ukraine Conflict China Tech Woes Extend Pain to Asia Stocks - The MSCI Asia Pacific Index tumbled as much as 21 to a three-week low after Russian President Vladimir Putin ordered troops to separatist regions in eastern Ukraine. Bets against Kuaishou - one of the most shorted stocks in Hong Kong previously and the biggest drag on the index in the past year - has fallen to about 4 of free float compared with 20 in mid 2021.
Chinese tech stocks fell in Hong Kong amid concerns about Alibaba Group Holdings plan to register more American depositary shares. The Hang Seng Tech Index plummeted nearly 9 per cent dragging the Hang Seng Index down about 4 per cent while Chinas onshore CSI300 Index dropped 24 per cent. China tech bears are fading with short-selling interest on video streaming giant Kuaishou Technology and delivery giant Meituan waning.
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