RAYC - China - The Carnage Continues
- China's tech stocks slumped to new lows on Friday and Hong Kong's benchmark index hit a 10-month low as an unrelenting series of Chinese regulatory crackdowns crushed international investors.
- Further, China announced tougher rules on competition in the tech sector again, and they also summoned executives at several property developers warning them to reduce their debt significantly. The Chinese media also reported looming regulations for a new sector - liquor makers.
- I would be checking your exposure to the Chinese markets as soon as you can. Do any of your funds have exposure is a very good question to ask yourself.
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China - The Carnage Continues