Chinese Crackdown Causes Stocks to Fall
The Chinese government’s crackdown on industries from technology to education has caused many investors to withdraw from the country’s business, resulting in stocks plummeting in the country’s two largest stock indexes. The Hang Seng Index fell 8 percent this week, while the CSI 300 – which tracks the largest stocks listed in mainland China – fell almost 9 percent.
Among major individual stocks, online gaming and social-media company Tencent fell 9 percent, meaning its value has lost about 390 billion of market capitalisation since peaking in mid-February.
Chinese stocks are now the worst-performing markets of the Asia-Pacific region, interrupting the country’s rise as a global superpower.
Research and Markets offers the latest news on China below:
We will help you find what you are looking for.