Stock futures are slipping ahead of Tuesday’s open, following more fallout from China’s regulatory crunch, which drove Hong Kong’s Hang Seng index HSI, -4.22% to its lowest since Nov. 4, 2020.
That brings us to our call of the day from The Market Ear blog, which breaks down some potential risks ahead for markets and one possibility — big investors getting hurt by China fallout may end up less willing to take on risk elsewhere. “The latest casualty from last week was the edtech sector. Top 10 holders of TAL Education TAL, -26.67% are all Western names. You get the point. Losses are not only a local problem. And we would not be surprised to see some hedge funds reporting significant losses for the month of July. With moves like these there is most of the time some blood in the water,” said the blogger.
Tesla TSLA, +2.21% profit topped $1 billion for the first time in the electric car maker’s history and its sales nearly doubled, busting past expectations, though Chief Executive Elon Musk noted a “serious” chip shortage is cutting into output, and has delayed its commercial truck.
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China stocks in U.S. suffer biggest two-day wipeout since 2008Beijing’s sweeping crackdowns of its technology and education sectors has unleashed shock waves across global markets, erasing $769 billion in value from U.S.-listed Chinese stocks over the course of just five months. 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. 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
Source: latimes - 🏆 11. / 82 Read more »
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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.
Source: MarketWatch - 🏆 3. / 97 Read more »