Business & Finance
China Stock Gauge Heads for Bear Market as Tech Weakness Extends
Key Points
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.