RE: Trust!8 Jul 2021 16:08
Sundezena, I think iag is down (or not as low as we would have been) because of Chinese regulator actions. Think the story below triggered a panic in the global markets.
China’s crackdown on technology companies is hitting the markets again today, amid concerns that the rebound in global growth may be fading.
Stock markets across Asia have fallen to a six-week low after Beijing sent shockwaves through global financial circles with plans to tighten restrictions on overseas listings of Chinese companies, as it puts its tech giants under much tighter scrutiny.
China’s CSI 300 index has fallen over 1%, while Hong Kong’s Hang Seng has tumbled 2.75%, helping to pull the MSCI’s index of Asia shares outside Japan down 1% to its lowest since late May.
An index of tech shares in Hong Kong (where several of China’s biggest online giants are listed) fell 3.75%, and has now slumped by almost 12% over the last seven sessions.