Stocks for Asia-Pacific Experience a Dip, Share Prices for China Internet Experience a Fall Also
As per the latest reports, the share prices for the Asia-Pacific region have experienced a fall at the start of Tuesday, August 17, 2021. The reports also show that the stocks for the Chinese Internet have also experienced a decline at the Hong Kong Stock Exchange.
This is not the first time that the stocks for the Chinese Internet have experienced a fall. Since the beginning of 2021, the share prices of the Chinese Internet have been experiencing a constant drop. This is mainly because of the regulatory fear that is spread across the Chinese and Hong Kong stock markets.
The Chinese Government and the regulatory authorities have constantly been cracking down on any firm or service they set their eyes on. Since the beginning of 2021, the internet in China is on the hit list of regulators. Just recently, the regulators in China have started scrutinizing the Chinese Internet, which has again raised many concerns and worries.
Therefore, the stock prices for the Chinese Internet have started experiencing a downtrend. For now, the investors have grown weary of the Chinese Internet share prices and are finding it sensible to stay away from them.
The first company that showed a significant drop in the share prices at the Hong Kong Stock Exchange is Tencent. According to the data, the share prices for Tencent have experienced a 4.14% drop. Then there is Alibaba, which has also experienced a decline in its share prices. The data shows that Alibaba has experienced a 4.77% drop in its share prices.
Then there is JD.com, which has observed a huge plunge in terms of its share prices. The data shows that the share prices for JD.com have experienced a 5.16% fall. Then there is the Hang Seng Tech index, which has also experienced a downtrend in terms of its index points. The data shows that the particular index has observed a 3.13% decline, and it is down to 6,218.89 index points.
The decline in all of the markets and for all of the tech companies was observed right after a draft was issued by the Chinese regulators. In the draft, the Chinese regulators intimated big tech companies based in China to operate fairly and not proceed with unfair internet competition.
When it comes to the Hang Seng index’s broader reach, it experienced a 1.66% decline since the announcement and recorded a fall of 25,745.87 points.
As for the Chinese mainland stocks, they also demonstrated a downtrend and loss in their points. The data reveals that the Shenzhen Component experienced a decline of 14,350.65 points, which is equal to a 0.89% drop. Then there is the Shanghai Composite, which also experienced a decline of 3,446.98 points, which is equal to a 2% decline.