A historic collapse is hitting the heart of Chinese technology and wiping out billions.
The "STAR 50" index has plunged 42% from its peak last June.
The index has recorded 10 consecutive weeks of sharp, sustained declines.
It is the longest and worst streak of weekly losses in its history.
A total of $480 billion in market value has been wiped out during this period.
These figures confirm the bursting of the tech bubble in Asian markets.
The decline in high-risk assets is putting enormous pressure on global markets.
Will this fear soon spread to the cryptocurrency market?
Share your opinion and your next prediction in the comments below now. 👇
#China #StockMarket #Crypto #Bitcoin
The "STAR 50" index has plunged 42% from its peak last June.
The index has recorded 10 consecutive weeks of sharp, sustained declines.
It is the longest and worst streak of weekly losses in its history.
A total of $480 billion in market value has been wiped out during this period.
These figures confirm the bursting of the tech bubble in Asian markets.
The decline in high-risk assets is putting enormous pressure on global markets.
Will this fear soon spread to the cryptocurrency market?
Share your opinion and your next prediction in the comments below now. 👇
#China #StockMarket #Crypto #Bitcoin
