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Chinese tech stocks slump amid concern about sector’s earnings

  Bloomberg Chinese tech stocks slumped on Friday amid continued concern about the sector’s earnings and the risk of local firms being kicked off American exchanges. The Hang Seng Tech Index slid 5% in afternoon trading, the most in over a week. Delivery giant Meituan plunged 8.2% as investors had worried about the company’s growth ahead of its fourth-quarter results. ...

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European stocks set to snap 2-week winning streak on growth woes

Bloomberg European stocks were set for their first weekly drop in three, as investors consider concerns over the surging inflation and the war in Ukraine hurting growth in the region. The Stoxx 600 Index was down less than 0.1% in London, with banks and energy sectors among the biggest decliners. Real estate and retail stocks outperformed. Last week, the European ...

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Russian stocks retreat in limited trading

Bloomberg Russian equities erased earlier advance and fall during the second day of limited trading after a record long shutdown of the country’s stock market. The MOEX Russia Index was down 2.9% by 12:18 pm in Moscow after earlier rising as much as 3.3%. Gas giant Gazprom PJSC led losses after the US and the European Union reached a deal ...

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