Even with the start of technical stocks in China to recover some of them Modern large lossesSome investors and analysts look forward to fears looming on the horizon that may be Worse From Donald Trump’s tariff.
The Hang Seng technology index has thrown more than $ 350 billion in the market value since then High marchAlthough it has gained more than 10 % during the past four sessions. While China Amnesty International’s rapid development The increasing geopolitical tensions, and the increasing geopolitical tensions are still at the present time.
American measures against China, such as the restrictions imposed on financial holdings or additional sanctions are “serious risks,” said Bush Chu, director of investment in Aberdeen for investments. There was also unlimited gossip on the potential forced deletions of Chinese stocks of American stock exchanges, and some fear of restrictions on more restrictions imposed Access to technology.
Zhou said that such measures could cause a “sharp sale” of China’s technical shares owned by foreigners. He said: “I think many things have not been priced yet,” and it also highlights the broader impact on the demand if the weakest of the total economic definitions of China.
The Chinese economy may have a wide range of Trump’s aggressive rise in the customs tariff to 145 % and a separation between the two countries. Meanwhile, the high indicators ’weights of the sector and foreign ownership have widespread repercussions for China markets.
With a tariff for lifting the United States applied to the small parcels that were Previously exempt from dutiesChinese e -commerce companies have been injured. The US deposit receipts for the owner of Temu PDD Holdings Inc. 25 % since the beginning of April. AdRS decreased from Alibaba Holding Ltd. , The largest Chinese company listed in the United States, by 21 %.
The impact of the direct tariff is seen as small outside online shopping, as the majority of China’s revenues and technology come from local business. But it is not permissible to spread the non -carrier means in addition to increasing tensions.
In February, the Trump administration issued a political note It is likely to be suspicious The mechanism of Chinese lists in the United States, which reminded investors in the episodes in 2021 and 2022, when The ghost of the comprehensive deletion From the American stock exchanges, they were dragged on the China market.
“Given Trump’s rise already in raising definitions against China, we believe that deletion is moving in the list of revenge options,” wrote the TD Cowen Jaret Seibegar in a note dated on Wednesday. “This means that the risks like this week last week to work.”
The US Department of Defense has Already listed in the blacklist Tencent Holdings Ltd. , The largest company in China by maximum market, and others. While the Pentagon existing It does not carry any specific sanctions, as it does not carry American companies and agencies to deal with these Chinese companies.
The options market shows that investors are tense. The cost of hedging against the declines in Chinese technology giants such as Tencent and Alibaba is still near its highest levels in several years, after more than the Hang Seng China Enverprises has increased in this last amount.
The shares of technology in China were anger earlier this year as Dibsic’s success Pay investors In the AI plays listed in the country. The increasing trade war has turned attention to the US efforts to limit the access of Chinese into the most recent technologies.
“Although we are not sure whether the United States is planning to announce any new restrictions on the export of chips, there are concerns that technology companies that have cloud services and artificial intelligence institution models/the ability to check and agree.” This is that this could press Tencent, Alibaba and Baidu Inc ..
This sector still has the resumption of evaluation, where the Hang Seng Tech Index is traded about 15 times, with less than average level for three years than 19 times and the current NASDAQ 100 level level of 24 times.
The strong dependence on the regiment on the local demand puts them in a line to obtain gains from Beijing’s efforts to support the economy.
“Chinese technology leaders are still relatively attractive,” said Chu Aberdeen. “Whether investors want to enter China’s shares at the present time only to capture opportunities for artificial intelligence … they may stop a little at the present time given the great uncertainty, and they may return to their introduction if they get more clarity on the tariff, in the global economy.”
This story was originally shown on Fortune.com
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2025-04-11 05:53:00
