Beijing’s sweeping crackdowns of its technology and education sectors has unleashed shock waves across global markets, erasing $769 billion in value from U.S.-listed Chinese stocks over the course of just five months.
Beijing’s sweeping crackdowns on its technology and education sectors have unleashed shock waves across global markets, erasing $769 billion in value from U.S.-listed Chinese stocks over the course of just five months.
“The latest events arguably highlight that the authorities are more willing to upset investors in pursuit of their broader political goals now than they were a few years ago,” Oliver Jones, senior markets economist at Capital Economics, wrote in a note to clients. “It is difficult to say precisely what will happen next on this front, but on balance it seems like the downside risks to equities have increased.
The trio have seen their shares stuck in an extended plunge since the middle of February, bringing their average loss for the year to 93%. China’s new policy “makes these stocks virtually un-investable,” said JPMorgan Chase & Co. analyst DS Kim. The “worst case became a reality.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
China unveils 600 kph maglev train - state mediaWATCH: With a top speed of about 372 mph (600 kph), China’s new maglev train would be the fastest ground vehicle globally
Consulte Mais informação »
Tens of thousands evacuated as typhoon In-fa makes landfall in ChinaTens of thousands evacuated from their homes in Shanghai as Typhoon In-fa barrels into the eastern coast of China.
Consulte Mais informação »
Rep. Nancy Mace Slams Britney Spears' 'Crazy' Conservatorship, Compares It to 'Communist China'Rep. Nancy Mace discussed the 'Free Britney' Act on July 25, and also shared her horror at the alleged abuses Britney Spears has endured in her conservatorship.
Consulte Mais informação »
China blames U.S. for 'stalemate' in two-way ties as talks begin'The United States wants to reignite the sense of national purpose by establishing China as an 'imaginary enemy,'' a senior Chinese official said.
Consulte Mais informação »
U.S.-listed China education stocks tumble again as Beijing makes industry crackdown officialA crackdown on the education industry in China has J.P. Morgan throwing in the towel on U.S.-listed education stocks that have been hammered in the last two...
Consulte Mais informação »
International buyers dropped out of U.S. housing during pandemic, but China is rushing backSales of U.S. homes to foreign buyers fell by 31% from April 2020 to March 2021, according to the National Association of Realtors.
Consulte Mais informação »