Chinese stocks are now among Asia's worst-performing as Beijing crackdown spooks investors
Days of heavy selling in Chinese stocks have left two major indexes in the country as the worst-performing markets of Asia-Pacific.
Hang Seng indexalso suffered heavy losses, falling 7.88% in the same period."There hasn't been a single two-day decline (for the Hang Seng index) since the Financial Crisis that has exceeded the magnitude of the last two days," analysts at Bespoke Investment Group wrote in a note.
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IMF cuts emerging Asia growth forecast on COVID-19 resurgenceThe International Monetary Fund on Tuesday cut this year's economic growth forecast for emerging Asia, as a spike in coronavirus cases from new variants and slow vaccinations cloud the region's recovery prospects.
Asia equities tick up, as investors look to the U.S.Asian equity markets rose cautiously Tuesday, after touching year to date lows the day before, with traders keeping at least half an eye on the United States where major companies report earnings and the Federal Reservemeets on policy this week.
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Chinese Tech Stock Selloff DeepensChinese technology shares fell, extending Monday’s steep declines that were fueled by investor concerns about China’s widening crackdowns on tech and other industries. good luck Why do they always show a picture of someone photo bombing a screen? 🚶♂️📺
U.S. stock futures slip ahead of tech results as China crackdown casts shadowU.S. stock futures slipped Tuesday ahead of a barrage of tech-sector earnings, with a Chinese regulatory crackdown casting an overhang over the market. wow Je