Reply To: Traders Market Weekly: Only a Sheep Lets Himself be Sheared

#34537
Truman
Participant

The Hang Seng plunged 5.0% with many stocks facing de-listing possibility in U.S. getting hit hard.

Hong Kong, along with mainland China, also had to battle with COVID concerns. China has put Shenzhen in a lockdown mode, suspending all non-essential business until March 20. That is impacting Apple supplier, Foxconn, while COVID remediation issues in general are weighing on the casino operators and many tech stocks. Worries about a slowdown in China continue to fuel expectations that policy stimulus will be provided.