After the 20th National Congress of the Communist Party of China, the Chinese stocks listed on the United States plummeted on Monday (October 24).
According to Bloomberg, the Nasdaqin Golden Dragon China index fell more than 20%, and the record in the setting record was the biggest decline.The market value evaporates more than $ 89 billion (about S $ 126.5 billion).The stock prices of major technology Internet companies such as Alibaba and JD.com have both declined.Kraneshares CSI, which tracked more than 40 Chinese stocks, fell 15 % of the China Internet Fund.
Earlier, the Hong Kong stock market also fell sharply after the opening of the market, and real estate and technology stocks plummeted.The Hang Seng Index fell more than 6 %, and it was written for 13 years; mainland China's stock market also fell.
The new pattern of Chinese politics will make the outside world worry that the time for the economy will be more and more open.Investors are also worried that the new leadership of the Communist Party of China may adhere to the high -pressure policy of domestic private enterprises and technology entrepreneurs while increasing the military pressure on Taiwan.
Bloomberg quoted the HB Investments Investment Supervisor Sharif Farha analyzed: "Performances may leadThe zero -zero policy or stricter science and technology regulatory regulations may not disappear. At the international level, the market is definitely worried about political tensions. "It is said that the Chinese Communist Party's speech last week emphasized national security and called for regulating the accumulation of wealth accumulation, which brought more uncertainty to the future, resulting in investors' risk premium for higher risk.
