China stocks dip as anti-trust probe into Alibaba hits tech shares ...Middle East

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China stocks dip as anti-trust probe into Alibaba hits tech shares
source : Devdiscourse ( Middle East ) () 87
China stocks inched lower on Thursday, dragged by tech shares after Beijing launched an anti-trust probe into Jack Ma's Alibaba Group. ** China's blue-chip index CSI300 fell 0.1% to 5,000.02, while the Shanghai Composite Index lost 0.6% to 3,363.11. ** The tech heavy STAR Market dropped 2.1%, while the CSI TMT Index fell 1.5%. ** Investor confidence in the tech sector was hit by news that China launched an antitrust investigation into Alibaba's e-commerce and fintech empire.

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