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LONDON (Reuters) - International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China’s top tech stocks and began to seep into currency and debt markets.
FILE PHOTO: Chinese Yuan banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
China’s rise in global indexes in recent decades means money managers are more exposed than ever as Beijing seeks to reduce the dominance of some of its tech, property, ride-hailing and even private education firms.
Tuesday’s falls included a 9% plunge in internet giant Tencent, its worst in a decade, as its WeChat social network suspended user registrations while it underwent an upgrade “to align with all relevant laws and regulations”.
Analysis: Wall Street charges ahead but some option traders hedge against sharp pullback
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Wall Street charges ahead but some option traders hedge against sharp pullback | Hellenic Shipping News Worldwide
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COVID Delta variant worries bubble to the surface in some asset prices Reuters 17 hrs ago By Saqib Iqbal Ahmed © Reuters/LUCAS JACKSON A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York
By Saqib Iqbal Ahmed
NEW YORK (Reuters) - Worries over the spread of the Delta coronavirus variant are emerging in various corners of global financial markets, even as U.S. stocks hover near record highs.
The Delta variant is now present in over 90 countries and has become the most prevalent variant among new COVID-19 cases in the United States, according to California-based genomics company Helix.