A man touches the bull statue outside a shopping mall in Beijing last year. Photo: AP
Alibaba, Tencent lead tech retreat amid capital flight concerns as traders step up bets on Fed tightening
- Traders stepped up bets on a full-point increase in Fed fund rate in meetings through June, after US consumer prices rose by the most in four decades in January
- WuXi Biologics’s nightmare run continued as the stock lost almost 30 per cent this week after being put on the ‘unverified list’ with 32 other Chinese firms
A man touches the bull statue outside a shopping mall in Beijing last year. Photo: AP
