Asian stocks fell Monday as Beijing’s widening technology-sector crackdown hurt Hong Kong and Chinese equities, overshadowing a rally in U.S. shares to an all-time high last week on robust corporate earnings.
A Hong Kong gauge of tech firms tumbled more than 5%, the city’s main market slid and Chinese equities retreated. The latest move by officials is a reform of China’s $100 billion education tech industry, a step that roiled a slew of firms and stirred questions about what the nation’s regulators may do next.
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July 26, 2021 at 05:08AM
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Stock Market Today: Dow, S&P Live Updates for July 26 - Bloomberg
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