ICLK - Communications stocks weekly movers: It's all about China

da-kuk/iStock via Getty Images Internet and Telecom stocks led gainers in Communications Services stocks that ended up one of the few decliners among sectors for the week - while the heaviest declines came from Chinese Media and Internet. Overall, Communications Services stocks dropped 0.4% in aggregate for the week; better only than Financials and Energy (which saw a steep 3.5% drop). Hong Kong's business-focused social-network platform Moxian (MOXC), no stranger to the price-appreciation list, bucked China-stock pressure and topped the gainers (among stocks small-cap or larger) with another 28% this week. The shares have been on a ride this spring and summer, rising 14-fold since the end of February (they're up 1,954% in 2021). And Weibo (WB) made its jump first thing this week amid a report (later contradicted) that the company's chairman and a Chinese state investor were set to take the company private in a $20B-plus deal. Up as much

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Communications stocks weekly movers: It's all about China