Chinese state media is urging investors to stay calm following a brutal stock market sell-off this week that has wiped out hundreds of billions of dollars in value.
Chinese state-run newspaper Securities Times published a commentary Wednesday acknowledging the"changes in policy for certain industries" after a market rout on Monday and Tuesday that came as investors reacted to Beijing's widening crackdown on private enterprise."Investors should have confidence in the market," it wrote."A short-term shock does not change the nature of the long-term positive trend ...
"Since the end of the financial crisis, there hasn't been a single two-day decline in the Hang Seng that has exceeded the magnitude of the last two days," the firm wrote in a note to clients Tuesday, referring to the city's benchmark index. Still, there could be"potential for a short-term bounce" as investors"look for opportunity in the weakness," it added.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
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.
Consulte Mais informação »
Chinese stocks are now among Asia's worst-performing as Beijing crackdown spooks investorsDays of heavy selling in Chinese stocks have left two major indexes in the country as the worst-performing markets of Asia-Pacific.
Consulte Mais informação »
Asia stocks decline again, with Hong Kong under pressure, though China losses only slightInvestors were uncertain how much farther China will go with a regulatory crackdown that set off a slide in its internet share prices.
Consulte Mais informação »
Hang Seng down 5% in late trade as tech selloff intensifiesThe Hang Seng undefined dropped 5% in late trade on Tuesday, skidding on concerns over regulatory action. Of the major tech companies, Meituan undefined...
Consulte Mais informação »
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.
Consulte Mais informação »
U.S. stock futures mixed as investors weigh up big tech earnings, wait for Fed outcomeStock futures traded mixed ahead of a Fed decision, and after major indexes snapped five-day winning streaks.
Consulte Mais informação »