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China Rout Worsens as Crackdown Stocks Slump for Third Day - Bloomberg

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Chinese shares in the crosshairs of Beijing’s regulatory crackdown extended their sharp selloff into a third day Tuesday.

Technology and education shares retreated once again while property stocks also fell. Tencent Holdings Ltd. slumped 10%, after the company’s music arm gave up exclusive streaming rights and was hit with fines. Meituan fell as much as 16%, its biggest decline ever, as investors digested new rules on online food platforms.

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"day" - Google News
July 27, 2021 at 08:51AM
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China Rout Worsens as Crackdown Stocks Slump for Third Day - Bloomberg
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