Investors’ concerns about Beijing’s crackdowns hit tech shares for a second straight day
extending steep declines
in the previous session that were fueled by investor concerns about China’s widening series of crackdowns on tech and other industries. By early afternoon in Hong Kong, online gaming and social-media giant Tencent Holdings Ltd. had fallen 6.7%. The selloff pushed Tencent’s market value down to about $563 billion, according to FactSet—meaning it has lost about $379 billion of market capitalization since peaking in mid-February.
Hong Kong-listed shares in Alibaba Group Holding Ltd , China’s biggest e-commerce company, also lost ground, falling 5%.that has spanned issues such as data security, monopolistic behavior and financial stability. The push has entangled companies such as Alibaba, its sister company Ant Group Co., and the ride-hailing giant Didi Global Inc. Drastic moves unveiled in recent days to curtail theThe city’s Hang Seng Tech index shed 5.2%, outpacing a 2.1% drop in the broader Hang Seng gauge.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Stock futures hold steady ahead of a huge week of Big Tech earningsStock futures opened little changed ahead of a busy week of earnings reports from technology's heaviest hitters.
Baca lebih lajut »
China’s Tech Regulator Orders Companies to Fix Anticompetitive, Security IssuesChina is building on a regulatory campaign to reform its large technology companies by ordering them to fix certain anticompetitive practices and data security threats
Baca lebih lajut »
ITV Invests $3.5M in Mobile Gaming Firm Live Tech GamesU.K. TV giant ITV continues to invest in areas outside its core competency to reach younger audiences in new ways, unveiling a stake in mobile gaming firm Live Tech Games Ltd. ITV said Monday that …
Baca lebih lajut »
Must Read: See Liberia's Telfar Olympic Uniforms, Magazine Editors Are Flocking to TechPlus, Victoria's Secret rolls out new store design.
Baca lebih lajut »
Stocks finish with another round of records as investors await tech earningsStocks finished slightly higher Monday, with major indexes building on Friday's round of record finishes as investors awaited earnings reports this week from major tech companies and a meeting of Federal Reserve officials.
Baca lebih lajut »
Can better tech make video meetings less excruciating?Technology firms are scrambling to add new features but will video calls improve.
Baca lebih lajut »