The Digital Source For China's Tech Innovation Since 2000

Search
Close this search box.

Mainland Outperforms As Tencent Weighs On Hong Kong

May 20, 2022
Source: bitcoinethereumnews.com bitcoinethereumnews.com
News Snapshot:
Key News Asian equities had a rough night except for China and Indonesia, which both managed small gains. Hong Kong internet stocks were off following Tencent’s modest financial results and outlook yesterday. Shanghai’s lockdown is easing but won’t officially end until the end of the month, weighing on economic activity and earnings releases in Q2. This shouldn’t be a surprise to anybody. The internet names have gone through a 2000-like drawdown as the stocks already reflect a lot of bad news. Remember Hong Kong/US ADRs, which I call the offshore China market, reflect foreign investor sentiment toward China. In contrast,...
Go To Original Source →
Tags: bank | China | China Development Bank | Chinese | cleantech | commission | communication | development | Economy | energy | finance | financial | financials | Forbes | Guangdong | Hong Kong | Indonesia | Internet | real estate | Shanghai | Shenzhen | Short Sale | stocks | technology | Tencent

Other Related News:

Netflix new releases: 6 can’t-miss, brand new titles coming next week

September 24, 2023

China's President Xi Jinping Opens 'Biggest-ever' Asian Games in Dazzling Opening Ceremony

September 23, 2023

I made Iceland's 'heavenly' salt and pepper chicken dippers but next time I would change one thing

September 23, 2023

The east German town at the centre of the new ‘gold rush’ … for lithium

September 23, 2023

A kimono ban? China drafts law to ban clothing ‘hurtful’ of national sentiment and spirits

September 23, 2023

The Beatles cultivated their style and taste for controversy

September 23, 2023

Redmi Smart Fire TV 4K 108cm review: A mini home theater with a punch

September 23, 2023

Silicon Photonics Market to USD 10.16 billion from 2022 to 2027, Market driven by increasing need for higher bandwidth

September 23, 2023

China an existential threat to US: Nikki Haley

September 23, 2023
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter