Advertisement
New Zealand markets closed
  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     
  • NZD/USD

    0.5946
    -0.0004 (-0.06%)
     
  • NZD/EUR

    0.5554
    +0.0014 (+0.25%)
     
  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     
  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     
  • OIL

    83.77
    +0.20 (+0.24%)
     
  • GOLD

    2,350.60
    +8.10 (+0.35%)
     
  • NASDAQ

    17,758.61
    +328.11 (+1.88%)
     
  • FTSE

    8,139.83
    +60.97 (+0.75%)
     
  • Dow Jones

    38,295.04
    +209.24 (+0.55%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • NZD/JPY

    93.7740
    +1.2780 (+1.38%)
     

How the Valuations of China’s Major Tech Stocks Look

How the Valuations of China’s Major Tech Stocks Look

On one hand, the US is initiating a trade war against China, and the Chinese government has launched a crackdown on online gaming companies. Optimistic revenue and earnings estimates continue to drive the valuations of Chinese tech stocks despite the loss in stock value. Tencent Holdings (TCEHY) last traded at a 29% discount to its 52-week high price.