Tencent’s shock profit slump caused a sharper one-day fall in the MSCI Emerging Markets Index – the leading equity gauge for developing economies – than on the day Turkey’s currency crisis erupted. Photo: Bloomberg
Nicholas Spiro
Opinion

Opinion

Nicholas Spiro

After Tencent’s profit slump, Chinese tech may trigger a bigger crisis in global markets than the Turkish lira

Nicholas Spiro says a Chinese tech-induced sell-off in the US stock market could do significantly more damage to broader sentiment than the Turkish currency crisis

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Tencent’s shock profit slump caused a sharper one-day fall in the MSCI Emerging Markets Index – the leading equity gauge for developing economies – than on the day Turkey’s currency crisis erupted. Photo: Bloomberg
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