• Tue. May 30th, 2023


Actual and verified news from Ukraine and the world

The fall in Asian Internet stocks continues


Dec 3, 2021 ,
Падение азиатских-интернет акций продолжается

China tech stocks plunge amid threat of exclusion from U.S. listing

The gap between hard and weak Asian tech stocks is expected to widen next year as internet stocks succumb to the weight of regulation, valuation, and rising inflation.

On Friday, the Bloomberg Asia Pacific Communications Index fell to an 18-month low as Chinese internet stocks plunged amid fears of exclusion from the US market.

Grab shares fell 21% in their first day of trading in the United States.

Semiconductor stocks in Asia, on the other hand, have been rising for four weeks in a row, thanks to upbeat forecasts from a number of key chipmakers this month. This figure is up 6% this year, compared to a 24% drop for its Internet-heavy competitors.

Investors are avoiding overpriced stocks, which are vulnerable in an environment where a sharp rise in inflation has increased the risk of a rate hike by the US Federal Reserve. In India, the failure of Paytm’s overpriced IPO harmed the prospects of other fintech listings such as One Mobikwik Systems Ltd.

Meanwhile, China’s $ 1.5 trillion technological breakthrough appears set to deepen after the US unveiled a plan for new disclosure requirements that could result in more delistings following Didi Clobal Inc.

Strong demand and government investment in the semiconductor industry, on the other hand, are expected to boost chip stocks.

Следите за нами и ставьте лайки:

Leave a Reply

Your email address will not be published. Required fields are marked *

Wordpress Social Share Plugin powered by Ultimatelysocial