Chinese stocks got slammed in today's trading session. The country's government confirmed that it would be implementing stricter regulations for private tutoring companies, and the news prompted steep sell-offs for a wide range of technology-adjacent stocks. TCEHYdata by YCharts
Full Answer
Are Chinese stocks still a good investment?
This year, the stock is expected to do much better as the Chinese air transport sector, second in the world in terms of passenger traffic, will provide a strong upward momentum. There is a good chance ... such as speculative investments and ...
Why are China stocks dropping?
With the stock drop, Meta’s market cap lost about $237 billion in value ... Story continues Zuckerberg positioned Meta as playing catch-up to TikTok, owned by Chinese tech giant ByteDance. “We face a competitor in TikTok that is a lot bigger, so ...
What are the best stocks in China?
Best Chinese Stocks To Buy Alibaba Group Holding Ltd (NYSE:BABA) Alibaba is one of Amazon’s biggest international competitors. Coined the “Amazon of the East,” Alibaba has a market cap of $718.81 billion. Overall, Alibaba has specializations in multiple markets including eCommerce, retail, tech, internet, and more.
Why are Asian stocks down?
The reversal was sparked by news that Peloton Interactive Inc. was halting some production, sending the at-home darling to a 24% drop. Nerves remained frayed on global equity markets with central banks set to tighten policy after almost two years of support that bolstered demand for risk assets.
Why did China market drop today?
Regulatory pressure, the Russia-Ukraine crisis, and the new Covid lockdown in China have caused a massive fall in US-listed Chinese firms' stocks. Alibaba's stocks have plunged by 9%, while several other Chinese giants have also fallen.
Why is Chinese stock market down?
Stock markets across Europe have fallen after sharp declines in Asia on fears Covid restrictions in China could hit supply chains and the global economy. Authorities in Beijing have implemented mass testing in one area of the city following a small outbreak of cases.
What is the Chinese stock market doing today?
Major Stock IndexesAsia/PacificLastChgShanghai Composite Index3,228.06-53.68Hang Seng Index20,297.72-453.49S&P BSE Sensex Index53,760.78344.63NIKKEI 225 Index26,788.47145.083 more rows
Is Chinese stock market closed today?
The SSE is open for trading Monday through Friday, with the exception of public holidays and other closing days declared by the Exchange in advance.
Did the Chinese market crash?
The spectacular cratering of the Shanghai stock market, which lost nearly 40 percent of its value in just 10 weeks, is a sign of a much bigger problem. It is always amazing how the stock market pulls big surprises over those who should know better.
Will China market recover?
BEIJING — China's economy won't be snapping back quickly from the latest Covid outbreak, many economists predict. Instead, they expect a slow recovery ahead. When the pandemic first hit in 2020, China bounced back from a first-quarter contraction to grow in the second quarter.
Why did Chinese stocks rise today?
China stocks rise as dismal GDP data raises stimulus hopes China's major stock indexes gained on Friday, led by consumer stocks after data showed a surprising rise in retail sales, and as dismal economic growth in the second quarter raised expectations of more stimulus.
How can I access the Chinese stock market?
How to invest in Chinese stocks Invest in Chinese stocks via listed American Depository Receipts (ADRs) Use a broker that offers access to Hong Kong-listed and Chinese mainland-listed stocks. Invest in a U.S.-listed China Exchange Traded Fund (ETF) Invest in an unlisted China Mutual Fund.More items...•
Is the Hong Kong stock market open today?
The Hong Kong Stock Exchange is open for trading Monday-Friday.
Is the Chinese stock market open right now?
The Shanghai Stock Exchange is open Monday through Friday from 9:30am to 11:30am and 1:00pm to 3:00pm China Standard Time (GMT+08:00).
Is Taiwan stock market open today?
This is typically the case when a holiday falls on a non-business day. ‡ Indicates that the market is open and has special trading hours....2022 Taiwan Stock Exchange Market Holidays (14)HolidayDateStatusChinese New YearThursday, February 3, 2022 (past)Closed 5 months ago13 more rows
What time is China stock market open?
Trading Hours in Asia and the MideastNameShanghai Stock Exchange (SSE)MarketplaceShanghai, ChinaRanking3Time ZoneCSTTrading Hours9:30 a.m. to 11:30 a.m. and 1:00 p.m. to 3:00 p.m.57 more rows
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World Markets
Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.93% and the Hang Seng rose 0.60%. The Nikkei 225 lost 1.71%.
World Gainers & Losers
Joe Biden vows to shield Americans from a gas price spike. That won't be easy
What would happen if China stock was delisted?
If these stocks were delisted, they would continue trade on other exchanges, like in Hong Kong, and a number of Chinese stocks have IPO'd in Hong Kong for that reason. While many of these stocks, like Alibaba, trade for dirt cheap valuations, with investor sentiment the way it is, these stocks could be value traps.
What bank downgraded GDS?
Morgan Stanley also downgraded GDS Holdings, which operates data centers in China. The Wall Street bank lowered its rating on the stock to equal weight, saying it was concerned about unfavorable power quota allocations in Shanghai, another potential sign of the impact of government regulations.
Is China making online education nonprofits?
China may make publicly traded online education companies become nonprofits. That announcement adds to investor fears about regulatory overreach from Beijing. The U.S. government has threatened to delist a number of Chinese stocks.
