China makes market tea leaves very hard to read

is one-third more valuable than it was in June. Although consumer-facing stocks are getting whomped, manufacturers still need materials and widgets.

If previous Chinese enforcement actions are any guide, this selloff may have longer to run. Internet stocks tanked 42% in 2018 when Beijing clamped down on video-game developers. This time, the sector is down 41% since February in the face of far more wide-ranging action. It also is trading on 24 times profit, above the 22 times reached four years ago, according to Jefferies analysts. In the cartoons, the coyote always comes back for more.

- Tencent shares were down almost 3% in morning trading in Hong Kong on July 28 after falling nearly 9% a day earlier following its announcement that it had temporarily suspended registration of new users to its WeChat super-app for technology upgrades to comply with relevant laws.Reuters Breakingviews is the world's leading source of agenda-setting financial insight.

ReutersChina JennHughes13 Never trust the CCP in China and their corporations.

JennHughes13 The black flags that will support the Mahdi will come from Pakistan. In April 2015, Muhammad Qasim bin al-Karim, saw Prophet Muhammad SAW in a dream explaining to him where the black flags would come from. I believe Qasim is Imam Al-Mahdi.

What do you want to say? Do you even known how to write a title?

I always enjoyed reading my morning tea leaves to catch up on the happenings around the world

Lowering the number of billionaires in the world is excellent.

What?

JennHughes13 the rich must be controlled. We don't want a 'Jeff Bezos' or 'Elon Musk' in China.

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Asia stocks decline again, with Hong Kong under pressure, though China losses only slightInvestors were uncertain how much farther China will go with a regulatory crackdown that set off a slide in its internet share prices. nice
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