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China's trillion-dollar stock slump signals warning to investors


Beijing: For weeks now, optimists have said China s tech crackdown has been priced in by the stock market. A fresh round of regulatory angst has shaken that thesis to its core.
The market capitalization of shares in a gauge of China s internet sector dropped by about $200 billion this week alone, as Beijing vowed to increase scrutiny over data collection and overseas listings. It has slumped by more than $1.1 trillion since a Feb. 17 peak, with the index down some 35%, according to calculations by Bloomberg.
China s pivot to data-amassing titans such as Didi Global Inc. has created a fresh round of uncertainty for investors already dealing with scrutiny in areas such as fintech, anti-monopolistic practices and after-school tutoring. Besides Big Tech, stocks linked to live marketing, electric-vehicle production and the education industry also look vulnerable. ....

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China Tech's Trillion-Dollar Stock Slump Signals Buyer Beware


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Learning to live again: A Lazarus tale from the Covid front lines


Learning to live again: A Lazarus tale from the Covid front lines
The twinkle in his eyes, the delight in his smile, the joyous way he moved his disease-withered frame. They all proclaimed a single, resounding message: Grateful to be alive!
As my care team and my family tell me, You were born again. You have to learn to live again, said Vicente Perez Castro. I went through a very difficult time.
Hell and back is more like it.
Perez, a 57-year-old cook from Long Beach, California, could barely breathe when he was admitted on June 5 to Los Angeles County s Harbor-UCLA Medical Center. He tested positive for Covid-19 and spent three months in the intensive care unit, almost all of it hooked up to a ventilator with a tube down his throat. A different tube conducted nutrients into his stomach. ....

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