This post was originally published on this site
While the market finished Friday on a positive note, several factors led to a lower week. First, there were continued signs of an economic slowdown in China. China’s regulatory crackdown on its most prominent tech companies pushed Asian stocks lower for the week.
In an effort to remind China’s tech entrepreneurs not to get too big for their bridges, the country appears to be doing itself a disservice. Stocks in China are down more than 20% for the year. Even SEC Commission Chair Gary Gensler urged caution when investing in Chinese stocks due to the regulatory uncertainty.
