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Asia stocks decline again, with Hong Kong under pressure, though China losses only slight

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Asia stocks decline again, as pressure stays on tech shares in China and Hong Kong

BEIJING — Asian stock markets declined Wednesday after Wall Street pulled back from a record as investors awaited a Federal Reserve report for signs of when U.S. stimulus might be withdrawn.

The Kospi 180721, -0.49% in Seoul lost 0.6% to 3,211, while Sydney’s S&P-ASX 200 XJO, -0.77% gave up 0.7% to 7,378. New Zealand and Southeast Asian markets declined. Shares in Chinese internet giants slid for a third day as investors waited for possible new action after Beijing stepped up anti-monopoly and data security enforcement against the industry. They were reported to be considering restrictions on for-profit education ventures.

 

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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.
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