In recent days Chinese stocks in Hong Kong have tumbled as disappointing trade data added to investor concerns about the strength of the economic recovery and as worries about the real estate sector intensified.
Plus, President Joe Biden imposed limits on US investments in China as part of a push to restrict the country’s ability to develop next-generation military and surveillance technologies that might threaten US national security.
So what does this mean for Chinese markets and the tech sector?
Has the earlier rally that was fueled by Beijing’s vow for more measures to boost the weak economy fizzled out?
On Money in the Market, Hongbin Jeong speaks to Kelvin Tay, Regional Chief Investment Officer, UBS, to find out more.