Tech Rout Goes Global, Sinks Hong Kong Shares In Wednesday Bloodbath
The robot carnage on Wall Street predictably spilled over into Asian markets on Wednesday.
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But hey, at least it’s Friday, right?
Don’t Ignore The Overnight Rally In Hong Kong
Whether or not this bounce is sustainable and more broadly, whether Friday marks a turning point for sentiment which was rapidly deteriorating will help determine whether global risk assets are able to rally into year-end.
Oh, The Humanity! Asian Shares Dive As Tech Wreck Wreaks Havoc On Hong Kong
Well on Wednesday, things got worse – and materially so.
Tech Rout Hits Hong Kong (Again) As Tencent Extends Worrying Slide
Keep an eye on this – in an increasingly interconnected and interdependent global market, these tech selloffs are demonstrating a propensity to spread quickly. And there’s some poetic justice in that, right? After all, tech is all about connecting the world.
Tech Selloff Hits Hong Kong As Tencent Tumbles Out Of Half-Trillion Club
“Today’s turmoil in the region’s tech stocks was sparked by the sell-off in their peers on Wall Street last night.”
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“Luck, prosperity, and wealth.”
Chinese Shares Soar As Tencent Passes Facebook
If U.S. shares needed an excuse to rally, they’ve got it.