• Times Now | 28-Jul-2021 08:30

    China Stocks In US Wipe Out $200-Billion

    The Nasdaq Golden Dragon Index declined over 6 percent in each of the last 2 days and posted the worst 2 day fall since 2008. The 98-stock index which tracks China’s companies listed in the US has declined over 15 percent in the last 3 days. It has wiped out over $200-billion worth of market capitalisation during the same time. This after China’s clampdown on its technology & education sector has sent shockwaves across global equity markets. The Hang Seng Tech Index declined over 8 percent to post the worst day since 16 July 2020. It has declined over 15 percent in the last 3 day fall. Here’s Jayesh Khilnani with the impact on stocks.

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