US-China tech battle hammers stocks from Shanghai to Hong Kong

//US-China tech battle hammers stocks from Shanghai to Hong Kong

US-China tech battle hammers stocks from Shanghai to Hong Kong

China and Hong Kong stocks suffered steep losses on Thursday, weighed down by technology shares, as investors feared a new US-China tech war on media reports that Washington was considering blacklisting more Chinese tech firms.The Shanghai Composite Index declined 1.4 per cent to 2,852.52, barely holding up at the 2,850-point level that some say is a critical level for bulls to defend. The Shenzhen Component Index plunged by 2.6 per cent, and the ChiNext Index was down 2.5 per cent.In Hong Kong…

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By | 2019-05-23T09:41:05+00:00 May 23rd, 2019|Business|Comments Off on US-China tech battle hammers stocks from Shanghai to Hong Kong