Investors worried that Alibaba and Tencent in cross-hairs of US-China tech stock war
Trump is said to be considering adding the two internet giants, which have a combined worth of $1.3-trillion, to his list of banned Chinese firms
12 January 2021 - 17:37
London — The threat of a $1-trillion US sanctions hit on the Chinese internet giants that have led emerging-market stocks to their first record high since 2007 is overshadowing the rally, just as increased scrutiny from Beijing itself squeezes valuations.
US-China tensions has ratcheted up in recent days as outgoing President Donald Trump’s administration pushed through a ban on Americans investing in 35 firms it considers to be linked to China’s military...
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