Down $831 Billion, China Tech Firm Selloff May Be Far From Over
Jeanny Yu and Abhishek Vishnoi, Bloomberg News Pedestrians wearing protective masks walk through Pudong s Lujiazui Financial District in Shanghai, China, on Thursday, Feb. 18, 2021. China s stock benchmark erased gains after briefly surpassing its 2007 closing peak, as mainland financial markets opened for the first time following the Lunar New Year break. Photographer: Qilai Shen/Bloomberg , Bloomberg
(Bloomberg) Chinaâs technology giants have wiped out a combined $831 billion since their February peaks, and Beijingâs expanding crackdown on the sector is fueling investor concern that the selloff is far from over.
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