Tech giants continue tumbling, forcing global markets lower
With talk of tighter regulation from China, tech heavyweights Baidu, Alibaba and Tencent all fell more than 3%
11 May 2021 - 11:58
London — Global stock markets were set for a second day of sharp losses on Tuesday as the combination of inflation worries and an antimonopoly drive in China sent the world’s mightiest tech giants tumbling.
Europe had touched a record high on Monday but its restart was a sea of red as London's FTSE, Frankfurt's DAX and the CAC 40 in Paris all dropped roughly 2%...
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