China’s high-flying technology board completes worst week since March amid crackdown as analysts recommend large-cap stocks to avoid regulatory risks

//China’s high-flying technology board completes worst week since March amid crackdown as analysts recommend large-cap stocks to avoid regulatory risks

China’s high-flying technology board completes worst week since March amid crackdown as analysts recommend large-cap stocks to avoid regulatory risks

Shenzhen’s technology board posted its worst weekly performance in six months, with analysts recommending switching to big-cap stocks with cheaper valuation amid a crackdown on speculative trading of smaller companies.The ChiNext index of start-up companies tumbled 7.2 per cent from September 7 for the steepest five-day loss since March. That compared with a 2.8 per cent drop in the benchmark Shanghai Composite Index, a gauge represented by some of the nation’s biggest companies.Sentiment on…

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By | 2020-09-11T10:31:35+00:00 September 11th, 2020|Business|Comments Off on China’s high-flying technology board completes worst week since March amid crackdown as analysts recommend large-cap stocks to avoid regulatory risks