Fri August, 2021, Age: 2 years
China’s tech stocks slumped to new lows on Friday and Hong Kong’s benchmark index hit an almost 10-month trough, with more than $560 billion in market value being wiped off Hong Kong and mainland China exchanges in a week. This is due to an unrelenting series of Chinese regulatory crackdowns, such as tougher rules on competition in the tech sector, which have crushed investors’ confidence.
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