Our call of the day comes from The Market Ear blog, which points out big exposure among U.S. institutions to China.
Stock futures are slipping ahead of Tuesday’s open, following more fallout from China’s regulatory crunch, which drove Hong Kong’s Hang Seng index HSI, -4.22% to its lowest since Nov. 4, 2020.
That brings us to our call of the day from The Market Ear blog, which breaks down some potential risks ahead for markets and one possibility — big investors getting hurt by China fallout may end up less willing to take on risk elsewhere. “The latest casualty from last week was the edtech sector. Top 10 holders of TAL Education TAL, -26.67% are all Western names. You get the point. Losses are not only a local problem. And we would not be surprised to see some hedge funds reporting significant losses for the month of July. With moves like these there is most of the time some blood in the water,” said the blogger.
Tesla TSLA, +2.21% profit topped $1 billion for the first time in the electric car maker’s history and its sales nearly doubled, busting past expectations, though Chief Executive Elon Musk noted a “serious” chip shortage is cutting into output, and has delayed its commercial truck.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
'Disturbing' actions by China signals early stages of a cold war, economist Stephen Roach warnsYale’s Stephen Roach, who served chairman of Morgan Stanley Asia, believes Beijing’s crackdown against U.S.-listed China stocks have major market implications.
Leer más »
China stocks in U.S. suffer biggest two-day wipeout since 2008Beijing’s sweeping crackdowns of its technology and education sectors has unleashed shock waves across global markets, erasing $769 billion in value from U.S.-listed Chinese stocks over the course of just five months.
Leer más »
U.S. stock futures slip ahead of tech results as China crackdown casts shadowU.S. stock futures slipped Tuesday ahead of a barrage of tech-sector earnings, with a Chinese regulatory crackdown casting an overhang over the market.
Leer más »
Goldman Sachs downgrades Chinese education stocks on prediction market will 'shrink significantly'Goldman Sachs downgraded three U.S.-listed Chinese education stocks on expectations new regulation will slash the size of the after-school tutoring market.
Leer más »
U.S.-listed China education stocks tumble again as Beijing makes industry crackdown officialA crackdown on the education industry in China has J.P. Morgan throwing in the towel on U.S.-listed education stocks that have been hammered in the last two...
Leer más »
Asia equities tick up, as investors look to the U.S.Asian equity markets rose cautiously Tuesday, after touching year to date lows the day before, with traders keeping at least half an eye on the United States where major companies report earnings and the Federal Reservemeets on policy this week.
Leer más »