Even a $1.5 trillion selloff may not provide an attractive entry point for equity investors as they grapple with cascading risks in China’s technology sector.
A stock rout triggered by Beijing’s widening clampdown has left Tencent Holdings Ltd. trading at a price-to-book ratio lower than during the 2008 financial crisis. Alibaba Group Holding Ltd. has slumped to record low in Hong Kong, where the benchmark stock index fell into a bear market this week. Despite such rapidly diminishing valuations, the pace of fund outflows suggest few buy signals are flashing.
"Trading" - Google News
August 21, 2021 at 07:00AM
https://ift.tt/3gmM697
Even After $1.5 Trillion Rout, China Tech Traders See More Pain - Bloomberg
"Trading" - Google News
https://ift.tt/2tBJjTS
https://ift.tt/3djUFhc
Bagikan Berita Ini
0 Response to "Even After $1.5 Trillion Rout, China Tech Traders See More Pain - Bloomberg"
Post a Comment