Big Chinese tech stocks listed in the US have suffered their worst month since October 2008 as the latest clampdown by China’s regulators forced investors to reassess the world’s largest stock market, triggering a major sell-off.
The Nasdaq Golden Dragon China Index – which follows US-listed Chinese tech – tumbled 22% in July, marking the biggest one-month drop since the financial crisis. Meanwhile, Hong Kong’s Hang Seng plunged 1.35%, for a monthly loss of 9.9%, with the Shanghai Composite also falling, by 0.4%, bringing the July decline to 5.4%. (RT)
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