Asian markets post sharp losses in early trade today, after falls in US tech stocks and as concerns over China’s property sector weigh on sentiment. – EPA pic, August 14, 2023.
ASIAN markets posted sharp losses in early trade today, after falls in US tech stocks and as concerns over China’s property sector weigh on sentiment. Leading the losers in Hong Kong – where shares were down more than 2% – was major developer Country Garden whose colossal debt has raised fears of a bankruptcy that could shake the stuttering Chinese economy.
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