China stocks in U.S. suffer biggest two-day wipeout since 2008

Beijing’s sweeping crackdowns on its technology and education sectors have unleashed shock waves across global markets, erasing $769 billion in value from U.S.-listed Chinese stocks over the course of just five months.

“The latest events arguably highlight that the authorities are more willing to upset investors in pursuit of their broader political goals now than they were a few years ago,” Oliver Jones, senior markets economist at Capital Economics, wrote in a note to clients. “It is difficult to say precisely what will happen next on this front, but on balance it seems like the downside risks to equities have increased.

The trio have seen their shares stuck in an extended plunge since the middle of February, bringing their average loss for the year to 93%. China’s new policy “makes these stocks virtually un-investable,” said JPMorgan Chase & Co. analyst DS Kim. The “worst case became a reality.”

Youtube removed my account for this video and refuses to give me my playlists on the account. They never even gave me a strike before they perma banned me. It was literally a video showing how youtube censored me.. NOT SPAM 30

It's time we fight back against China who lied as people died. Then we should question the people who capitalized off this and covered up for China for political expediency and profit.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S.-listed China education stocks tumble again as Beijing makes industry crackdown officialA crackdown on the education industry in China has J.P. Morgan throwing in the towel on U.S.-listed education stocks that have been hammered in the last two... wow US stock markets hit record highs.. in sympathy 😭 China has the biggest millstone around its neck. That millstone is Cruel & intolerant Communism. China is unfit to exist in this Civilized world. Only Fully Democratic China should be accepted in the comity of nations. Otherwise China has long way to go until Communism crumbles.
Source: MarketWatch - 🏆 3. / 97 Read more »