China Tech Stocks Hammered Again On Fears Of Slowdown

By | January 7, 2016

Scalper1 News

Turmoil in China stocks continued Thursday as a sharp devaluation of the yuan triggered a selloff in U.S.-traded China tech stocks for the second day this week. Among those taking hits, Alibaba (BABA), Baidu (BIDU) and Weibo (WB) shares were all down 6%, while NetEase (NTES) and JD.com (JD) were down 5% in afternoon trading on the stock market today. China’s CSI 300 Index, which tracks blue chip stocks on the Shanghai and Shenzhen markets, plunged Scalper1 News

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