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HONG KONG: Asian stocks weakened on Monday as investors worried inflation and rising interest rates would hamper the global economic outlook and China's COVID-19 situation weighed on sentiment, with tech firms particularly hit.
BEIJING (Bloomberg): China’s top economic official gave an unusual public show of support for digital platform companies Tuesday (May 17), suggesting Beijing may be ready to let up on a year-long clampdown on technology giants as it battles a slowing economy.
US regulator blamed for triggering broad market declines with delisting announcements
HONG KONG: Hong Kong stocks fell on Wednesday, with losses in tech shares overshadowing gains in banks, as investors awaited interest-rate decision from the U.S. Federal Reserve, and stayed on the sideline ahead of China's open after holiday.
BEIJING: China will step up policy support to stabilise the economy, including its embattled internet platforms, as domestic COVID-19 outbreaks and the Ukraine war raise risks, a top decision-making body of the ruling Communist Party said on Friday, lifting markets.
BEIJING: Investors are shifting more of their shares in Chinese eCommerce giants to the Hong Kong market, as Beijing’s efforts have yet to dispel concerns over the companies’ eligibility to remain listed on Wall Street.
BEIJING: Chinese stocks plunged yesterday as mounting concern over a Covid outbreak at home and rising global interest rates added to persistent regulatory headwinds.
NEW YORK: After years of breakneck growth that catapulted Chinese tech firms into stock market giants, a number of strategists are coming to terms with the new reality of a sector beset by slower expansion and lower earnings.
HONG KONG: Stocks in Hong Kong attracted record inflows via exchange-traded funds (ETFs) in March, as retail investors took advantage of a historic dip and an ensuing rebound to bet on further gains.