China tech stocks
SINGAPORE Chinas tech stocks fell once again Wednesday Jan 5 as firms backed by Tencent Holdings came under pressure after it pared investment in the sector for a second time in 2 weeks. Ukraine Conflict China Tech Woes Extend Pain to Asia Stocks.
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Bloomberg Bloomberg Asian equities slid for a third day as escalating tensions over Ukraine and fresh regulatory scrutiny on Chinas tech sector frazzled investors nerves.
. The Hang Seng Tech Index fell as much as 42 per cent - the most since September - in a 3rd day of declines with overnight weakness in US peers also weighing. Pudongs Lujiazui Financial District in Shanghai on Feb. The MSCI Asia Pacific Index tumbled as much as 21 to a three.
Fears about investing in Chinese tech stocks reached a fever pitch Monday as international megabank JP. 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. Morgan announced double-downgrades on three of the biggest names in China tech.
China tech bears are fading with short-selling interest on video streaming giant Kuaishou Technology and delivery giant Meituan waning.
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