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Home / South China Morning Post / Investing in Chinese tech stocks based on state media reports can be like reading tea leaves, and just as risky

Investing in Chinese tech stocks based on state media reports can be like reading tea leaves, and just as risky

Summary:
[unable to retrieve full-text content]China’s state-backed newspapers and publications are garnering interest from an unintended group of followers: investors in China’s tech stocks.A news story running on an inside page of a Chinese newspaper could lead to billions of dollars worth of market value being erased in mere minutes. And an opinion piece penned by a researcher could lead to wild swings in stock prices from Hong Kong to New York, even though no listed company is directly mentioned.The sudden surge in influence among state…

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[unable to retrieve full-text content]
China’s state-backed newspapers and publications are garnering interest from an unintended group of followers: investors in China’s tech stocks.A news story running on an inside page of a Chinese newspaper could lead to billions of dollars worth of market value being erased in mere minutes. And an opinion piece penned by a researcher could lead to wild swings in stock prices from Hong Kong to New York, even though no listed company is directly mentioned.The sudden surge in influence among state…
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