Making tech investors sweat

Making tech investors sweat

Tencent's reassurances on China's tech clampdown leave investors unimpressed.

  • Shares of the Hong Kong-listed web giant #Tencent have plunged over 20% from their January high, wiping out more than $200 billion in market value as Beijing made clear its intention to clampdown on the sector.
  • Internet of Things platform IoTeX's Pebble Tracker is able to capture real world data and record it securely for a variety of use cases, including vaccine traceability, NFTs, and collectibles.
  • The technology-heavy #Nasdaq led Wall Street lower as a rotation out of richly valued stocks into underpriced sectors added to pressure from end-of-quarter rebalancing by institutional investors.

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