China’s growing tense Covid situation and the uncertainties caused by the war in Ukraine are not leaving the Chinese stock market unscathed. The most important index, the Shanghai Composite, has lost almost nine percent of its value in the past 30 days – which is roughly equivalent to the losses of the Dax in Germany. But there is one sector that has been hit even harder. China’s major tech companies have recently experienced a real crash – until many of them recovered by between 10 and almost 40 percent on Wednesday.
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