china tech stock sell off

The Chinese tech giant cut its stake in Singapores Sea Ltd. The sell-off for Chinese tech stocks brought about by Beijings regulatory broadside against industries including gaming and fintech has taken the Golden Dragon index down almost 53.

Chinese Stocks Face Biggest Flash Crash Since 2015 As Coronavirus Wreaks Havoc

30 Workiva grew its revenue by 179 to 1328 million.

. Chinese companies are currently trading at a significant discount as a result of the recent sell-off. In the recent third quarter ended Sept. A selloff in Chinese technology stocks accelerated on Tuesday as investors unnerved by Chinas widening crackdown on Internet companies and other industries sold.

Two ways to play the sell-off Matt Maley of Miller Tabak and Nancy Tengler of Laffer Tengler Investments share their takes on the China tech sell-off and how theyd. There may some out there to buy but these seven Chinese tech stocks should be on investors sell lists. Other stock indices on the mainland.

Shares of the chipmaker have dropped nearly 7 in September amid the China-driven sell-off but its long-term prospects are robust thanks to notable catalysts. The Hang Seng Index which tracks shares on the Hong Kong Stock Exchange ended the day down 64 its lowest level since 2009. Alibaba Chinas e-commerce leader and other tech stocks tumbled in Hong Kong and New York as markets reacted to Chinas biggest political event in recent memory.

BABA RLX Technology NYSE. I have personally added Hang Seng Tech ETF 3067 and Ping An Insurance to my portfolio. On Thursday morning Chinese IT giants stocks plummeted after Tencent posted disappointing earnings fueling fears of a bleak earnings season as Chinas economic outlook.

HONG KONG -- Heavy selling in China tech stocks spread from Hong Kong to New York on Monday as foreign investors were spooked by a Communist Party leadership overhaul. A selloff across Chinese stocks deepened on Tuesday with concerns about the nations ties to Russia and persistent regulatory pressure sending a key index to the lowest. Electric-vehicle makers Li Auto Nio and Xpeng all sold off by double digits.

But it saw a 25 jump in the number of customers spending 150000 or more. The steep plunge in Chinese technology stocks appeared to level off on Tuesday morning after several sessions of intense selling in New York and Hong Kong. Chinese Tech Stocks Sell Off Hard as Beijing Pulls Away Punch The index of major Chinese technology companies listed in Hong Kong has given up 205 of its value in less than.

Hong Kong and mainland Chinese shares also took a dive after President Xi Jinping tightened his. On Tuesday -- selling 3 billion of shares -- sparking concerns of similar actions at other firms amid Beijings.

Tech Stocks Sink 3 7 Per Cent In Hong Kong As Chinese Regulators Slam Market With Big Stick South China Morning Post