Anyone who thinks the plunge in Chinese tech stocks has run its course hasn’t been paying attention to Jerome Powell’s utterances in Washington. There, the Federal Reserve chair is hinting at additional tightening moves as runaway inflation proves hard to defeat. With US bond yields already at 17-year highs, Asia is bracing for any hints […]
US yield surge cause to dump China tech stocks
Foreign investors tripping over each other to shed exposure to China’s topsy turvy tech sector amid rising global headwinds