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China Stock Gauge Heads for Bear Market as Tech Weakness Extends

China Stock Gauge Heads for Bear Market as Tech Weakness Extends
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China Stock Gauge Heads for Bear Market as Tech Weakness Extends A major Chinese stock gauge slid toward a bear market, pressured by weakness in Internet and consumer firms. The MSCI China Index dropped as much as 2.1% on Thursday, taking its decline from its Oct. 2 high to 20%. Alibaba Group Holding Ltd. and Tencent Holdings Ltd. were the biggest drags.

China Stock Gauge Heads for Bear Market as Tech Weakness Extends A major Chinese stock gauge slid toward a bear market, pressured by weakness in Internet and consumer firms. The MSCI China Index dropped as much as 2.1% on Thursday, taking its decline from its Oct. 2 high to 20%. Alibaba Group Holding Ltd. and Tencent Holdings Ltd. were the biggest drags.
China Stock Gauge Heads (ORG) Bear Market as Tech Weakness Extends China Stock Gauge Heads (ORG) Bear Market as Tech Weakness Extends (ORG) Chinese (ORG) China (LOCATION) Alibaba Group Holding Ltd. (ORG) Tencent Holdings Ltd. (ORG)
Originally published by Bloomberg Technology Read original →