12 Chinese Tech Stocks Fall

Other chinese tech stocks also declined, with tencent falling 2.45% while meituan slipped 4.47%.

Chinese tech stocks fall. Tencent ( tcehy) tumbled about 4%, while. 9988) slashed its outlook for fiscal 2022 revenue, citing intensifying competition. Chinese tech stocks — which have crashed during the escalating crackdown over the past nine months — fell further in hong kong following the news.

China tech stocks fall as state media fans clampdown concerns. Chinese tech stocks fall as us sec begins rollout of law aimed at delisting. Hong kong’s hang seng tech index, which tracks shares in big chinese tech groups, fell as much as 5 per cent.

Chinese technology stocks dropped on thursday after state media ratcheted up calls for a deepening of regulation of online platforms to tutoring firms. Concerns about the amount of personal data they control and who has access to that information has seen a clampdown on firms. Chinese tech stocks decline amid crackdown on tech giants.

Alibaba was down over 4% at 1:04 p.m. The hang seng tech index dropped 3.1. The fall in chinese technology stocks this year is largely due to a crackdown from chinese regulators.

Hong kong time, baidu tanked over 8%, jd.com fell over 4%. Treasuries pared some of friday’s rally.most read from bloombergthe hot new trend for hedge funds is—finally—female foundersautomating the war on noise pollution‘ghost. Stocks fall on chinese tech losses, real estate jitters return.

Chinese shares listed in the u.s. China’s latest moves to tighten its grip on internet giants helped trigger a fifth consecutive day of selling in the nation’s bellwether technology stocks. By ambar warrick, reuters 6 dec 2021 11:30