Beijing’s sweeping crackdowns of its technology and education sectors has unleashed shock waves across global markets, erasing $769bn in value from US-listed Chinese stocks over the course of just five months.
Some large investors have already started to unload their shares. Cathie Wood’s flagship Ark Innovation ETF cut its holdings of China stocks to less than 0.5% in July from a high of 8% in February. The fund completely exited its position in tech-giant Baidu and has just 134 shares of Tencent. Its only other position, Chinese property site KE Holdings, has dropped 60% so far in 2021.
They’re not alone either. In total, more than $126bn in market capitalisation has been erased from Chinese education stocks traded in the US, China and Hong Kong in 2021. Property management stocks traded in Hong Kong tumbled on Monday after regulators said they were aiming to “notably improve order” in the market.
I want to use this medium to thank Rebeccamarcus70 for helping me to benefit from this platform, in just a week I got my profits without any additional fees. All thanks to him and his platform. They're indeed the best Rebeccamarcus70
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US to call for safeguards in talks with China to temper rivalryUS wants to stress the need for 'guardrails' ahead of deputy secretary of state's meeting with Beijing's foreign minister
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: eNCA - 🏆 49. / 51 Read more »
East China braces for typhoon In-fa after flooding in country's centreChinese commercial hub Shanghai and neighbouring coastal regions cancelled all flights, slowed or suspended subway trains and shuttered businesses as Typhoon In-fa made landfall on Sunday. Investing with lovely1642 has brought my family so much joy, I've received R25,500 from my little funds i invested and I'm grateful, i advice everyone to invest with 👇👇👇👇 lovely1642 I invested R5000 with shantelll_142 by using my LUNO app and I make over R40,000 with just few steps, shantelll_142 is an account manager who can help you trade better I recommend you to her now and start earning massively today 💹 I still can't believe that real account manager exist I am so happy trading with shantelll_142 i never took her serious because I taught she was a scam like others ,until my first withdrawal of R60,000 within just one week of trading! I am so grateful 🤗🤗
Source: TimesLIVE - 🏆 28. / 59 Read more »
Aon and Willis call off $30bn merger after ‘impasse’ with US regulatorsAon will pay Willis a $1bn termination fee I want to use this medium to thank Rebeccamarcus70 for helping me to benefit from this platform, in just a week I got my profits without any additional fees. All thanks to him and his platform. They're indeed the best Rebeccamarcus70
Source: BDliveSA - 🏆 12. / 63 Read more »
Fed has to wrestle with how to ease support for US housing marketThe debate over mortgage-backed securities will probably be near the top of the agenda this week
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: City_Press - 🏆 7. / 72 Read more »