A potential U.S. ban on investment in Chinese tech could hurt these sectors
Publishing timestamp: 2023-02-02 19:47:12
Summary
Bank of America analysts said that a potential US investment ban on Chinese tech could create significant supply of shares and potential large volatility in the near term. Companies that don't have large business in external AI solutions are likely to be less affected. Chinese stocks have recently tried to rebound after a plunge in the last two years. The Biden administration has focused on targeting tech with ties to the Chinese military. The Chinese Ministry of Foreign Affairs said that the US aim is to deprive China of its development rights.
Sentiment: NEUTRAL
Tickers: 9688-HK, ZLAB, TAL, 9987-HK, BABA, DQ, YY, YUMC,
Keywords: politics, yum china holdings inc, stock markets, technology, market insider, xi jinping, joyy inc, zai lab ltd, business news, daqo new energy corp, markets, alibaba group holding ltd, tal education group,