Asian shares fluctuate on China tech selloff

142810

Asian share markets posted a turbulent trading session on Thursday. This followed after China saw a selloff in technology-related shares, with investors’ enthusiasm greatly affected by the country’s exclusion from U.S. bourses and a shortage in semiconductor supplies.

MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.1% increase. Shares in Hong Kong dropped sharply during their early trade, but they salvaged some losses to trade 0.18% lower. China shares gained 0.08%.

Financial regulators in the United States are planning to remove foreign companies from U.S. stock exchanges if they do not comply with the country’s auditing standards. The scheme also requires disclosure of government affiliations, which is widely expected to target Chinese companies.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: