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Chinese Stocks Extend Rout in U.S. on Tencent Sale Concerns

January 6, 2022
Source: dailymagazine.news dailymagazine.news
News Snapshot:
(Bloomberg) -- Chinese companies listed in the U.S. extended their decline on Wednesday after Tencent Holdings Ltd. cut its stake in an online gaming and e-commerce company, triggering concerns of similar action at other firms amid Beijing's regulatory crackdown on the sector. Most Read from Bloomberg WHO Downplays Threat of Covid-19 Variant Found in France U.S. Logs Record 1 Million Virus Cases With Data Delay Omicron Cases Are Hitting Highs, But New Data Put End in Sight Hong Kong Scraps Flights, Shuts Bars, Gyms on Omicron Threat Hong Kong Vaccine Surge Sees Majority Pick Sinovac Over BioNTech Shares of Tencent...
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