मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
China's tech gauge falls to record low
Mint Mumbai
|October 24, 2023
China's gauge of tech equities fell to the lowest since its inception more than three years ago, worn down by concerns over higher US rates' impact on global liquidity and a weak export outlook.
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The Star 50 Index is down as much 1.9% Monday, set for a sixth month of decline. Cambricon Technologies Corp plunged as much as 17%, leading the decliners on the gauge. Chipmakers ASR Microelectronics Co. and Loongson Technology Corp. each dropped at least 5%.
Chinese markets are seeing waves of selling as the country struggles with economic growth, and exports falter with high global interest rates affecting demand. The Hang Seng Tech Index, which also tracks listed Chinese companies, has dropped 11.3% this year.
यह कहानी Mint Mumbai के October 24, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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