china tech stocks surge
By Alice Park February 19 2022 1027 AM EST P airs teams. China shares fell on Monday dragged down by property stocks and financial firms after the central bank said it would not use real estate as a short-term method to stimulate the economy.
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. Chinese shares look poised for mild early gains on their return from a week-long holiday supported by a surge in Hong Kong-listed names and easing concerns about regulatory headwinds for the. The CSI300 index fell 07 to 456970 by the end of the morning session while the Shanghai Composite Index lost 06 to 344123. Chinas New Crackdown Shows 15 Trillion Tech Rout Not Over Yet.
Given their weakening correlation with offshore markets China stocks may struggle to keep up with any initial upward momentum unless policymakers take more steps to restore investor confidence. US value and tech stocks among areas of opportunity in 2022 despite Fed tightening says Morgan Stanley Dow futures plunges. The gaming giant along with peers such as Alibaba and Meituan were caught in Beijings crosshairs as China cracked down on monopolistic behaviors and tightened its grip on user data.
Tencent shares have lost 40 since a peak in January last year.
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