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China Tech Stocks Crashing! What Should You Do?
By Seedly  •  July 28, 2021
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 AlibabaTencent, 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,...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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