Friday, August 20, 2021

Half-a-trillion $ wiped off China markets in a week

China’s tech stocks slumped to new lows on Friday and Hong Kong’s benchmark index hit an almost 10-month trough, as an unrelenting series of Chinese regulatory crackdowns crushed investors’ confidence. More than $560 billion in market value has been wiped off Hong Kong and mainland China exchanges in a week.

from Times of India https://timesofindia.indiatimes.com/business/india-business/half-a-trillion-wiped-off-china-markets-in-a-week/articleshow/85505268.cms
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