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HONG KONG/SINGAPORE: Asian stocks slumped to their lowest levels this year and the dollar hit 10-month highs on Thursday as a double-whammy of worries about global growth and an end to central bank support drove nervous investors toward safe assets.
HONG KONG: Veteran fund manager Hugh Young said his firm bought the dip in Tencent Holdings Ltd and kept most of its other big-tech holdings in China largely unchanged during the recent selloff on expectations these stocks will emerge as winners despite policy crackdowns.
VETERAN fund manager Hugh Young said his firm bought the dip in Tencent Holdings Ltd. and kept most of its other big-tech holdings in China largely unchanged during the recent selloff on expectations these stocks will emerge as winners despite policy crackdowns.
SHANGHAI: Asian shares fell on Friday, extending their biggest monthly drop since the height of global pandemic lockdowns last March on lingering investor concern over regulatory crackdowns in China on the education, property and tech sectors.
KUALA LUMPUR: Blue chips ended Thursday on a disappointing note amid the record high Covid-19 infections, the impact of restrictions on the economy while a key barometer Public Bank fell below RM4 for the first time after the bonus issue.
HONG KONG: China’s benchmark equity index fluctuated on the brink of a bear market yesterday despite efforts by state media to bolster investor confidence shaken by concerns over Beijing’s escalating regulatory crackdown.
SHANGHAI: Investors have rushed to exit bets on China's health sector this week, acting on a hunch that the regulatory scrutiny that sparked panic selling in the tech and education sectors might next hit the medical industry.
PETALING JAYA: AmInvest has launched a new fund to allow sophisticated investors gain exposure to Chinese technology giants listed in Hong Kong.
SHANGHAI: Chinese A-shares and Hong Kong's benchmark index extended heavy losses to hit multi-month closing lows on Tuesday, as investors worried over the impact of tighter government regulations, while a surge in COVID-19 cases dealt a further blow to sentiment.
HONG KONG: Asia's stocks fell to fresh seven-month troughs on Tuesday, led by a third straight session of heavy selling of Chinese internet giants, while bond and currency markets clung to tight ranges ahead of the Federal Reserve policy meeting.