A Wild Week in China Roils Tech Stocks, Debt Markets, Hong Kong
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Chinese authorities moved on a number of fronts to rein in potential risks to the Communist Party’s rule, touching everything from tech firms to bond markets to political dissent in Hong Kong.
The actions rattled markets as investors sought to grasp the rationale for the changes emanating from Beijing’s opaque corridors of power. They came shortly after the shock suspension of Ant Group Co.’s record-breaking $35 billion initial public offering.