Covid fears and new tech crackdown hit Chinese stocks and Macao casinos

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Chinese stocks fell as the threat of new Covid restrictions and a renewed regulatory offensive against big tech companies sapped investor confidence.

Hong Kong Chinese stocks fell on Monday as the threat of new Covid restrictions and a renewed regulatory offensive against big tech companies sapped investor confidence.

Casinos in the gambling hub of Macao were ordered to close for the first time since February 2020 because of a Covid outbreak, sending shares of their operating companies plunging, and fears of new lockdowns in Shanghai undermined the broader China market.

 

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Chinese lol whatever

China is committing suicide to hurt other economies that it lured to depend on it.

Who cares of about the Chinese market at this point. It obvious China is back to being full blown communist and decoupling from western markets. It’s about time the whole world do the same. Oh you know genocide, no religious freedoms, tik tok, etc

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