Asian markets bounce back from sell-off

asian markets bounce back from sell off

Sumary of Asian markets bounce back from sell-off:

  • Hong Kong led the advances, thanks to healthily buying into tech firms that were battered on Thursday by China’s latest clampdown on the gaming industry, but fears that authorities will crack the whip again continue to weigh on sentiment.
  • com, after they suffered extensive losses on Thursday in reaction to Chinese officials ordering gaming firms to stop focusing on profits.
  • Still, while Asia was on course to end the week with a flourish, economies and stock markets remain hostage to the ravages of the Delta Covid variant, which continues to send infection rates spiking and forcing some governments to impose strict containment measures.

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