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DeepNewz, mobile.
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China's tech stocks are experiencing a significant slump, with Chinese equities continuing to crash, reaching new lows in the third quarter, down another -0.8% overnight. This downturn is eroding the confidence of some of Wall Street's staunchest supporters, with hopes for a turnaround fading in the world's second-largest economy. Major financial institutions such as JPMorgan, UBS Global, and Nomura have downgraded China in recent weeks. The ongoing global economic risks posed by China are becoming increasingly apparent.
🇨🇳 #China Bulls Getting Tired of Waiting for Elusive Stock Recovery - Bloomberg *JPMorgan, UBS Global, Nomura downgraded China in recent weeks https://t.co/b8pOKI06Jf https://t.co/Zgh4aF5pZ2
Weakness in Chinese equities is eroding the confidence of some of Wall Street’s staunchest supporters, with hopes for a turnaround fading in the world’s No. 2 economy. https://t.co/1D3IPFj3MA
Weakness in Chinese equities is eroding the confidence of some of Wall Street’s staunchest supporters https://t.co/nDrRAJfiec
