A man wearing a mask walks by an electronic board showing the Shanghai and Shenzhen stock indexes in Shanghai on February 3. Photo: Reuters
Alibaba, Tencent, Meituan slam tech stocks to 3-week low as regulatory risks cloud earnings outlook while developers weaken on Covid fallout
- Concerns about tightening regulation and corporate earnings kept investors at bay after the latest bout involving Meituan and delivery platform operators
- Developers slid after offering their properties as isolation centres to help the Hong Kong government fight the Covid-19 crisis
A man wearing a mask walks by an electronic board showing the Shanghai and Shenzhen stock indexes in Shanghai on February 3. Photo: Reuters
