By now, you would have seen some of the scary headlines involving China stocks.
“$831 Billion Selloff in China Tech, Including Didi, May Not Be Over” — Bloomberg
“Chinese Tech Stock Selloff Deepens” — The Wall Street Journal
“Hong Kong’s Hang Seng index closes more than 4% down as China tech and education shares plunge” — CNBC
If you own stocks in the Chinese technology giants such as Alibaba, Tencent, or Meituan, you could be gripped with fear.
And you might be even tempted to “sell first, talk later”.
But before you panic and press the “Sell” button (only to regret later), let’s take a step back and look at the situation rationally.
Source: Giphy
What’s Up With Chinese Tech Stocks?
Let’s look at what’s happening in China, the world’s second-largest economy.
Ant Group’s initial public offering (IPO) suspension initiated the fear surrounding regulations in China.
Back in November 2020, Ant Group,...