The MSCI China Index, which counts Alibaba, Tencent and Meituan as the biggest among 744 constituents, has lost one-fifth of its value this year. Photo: Xinhua
The MSCI China Index, which counts Alibaba, Tencent and Meituan as the biggest among 744 constituents, has lost one-fifth of its value this year. Photo: Xinhua

Chinese tech-stock rebound meets extended cutbacks in price targets as MSCI index loses US$2.3 trillion of value this year

  • Analysts have continued to trim the upside potential of top tech stocks after the latest round of earnings reports
  • The MSCI China Index has corrected by 20 per cent this year, leaving investors US$2.3 trillion poorer

The MSCI China Index, which counts Alibaba, Tencent and Meituan as the biggest among 744 constituents, has lost one-fifth of its value this year. Photo: Xinhua
The MSCI China Index, which counts Alibaba, Tencent and Meituan as the biggest among 744 constituents, has lost one-fifth of its value this year. Photo: Xinhua
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