News Snapshot:
Investors are falling out of love with China’s start-up companies listed in Shenzhen as the market made its worst start to a year since 2016. Aggressive valuations against established industry leaders and a bearish technical sign are keeping buyers at bay. Even policy easing measures over the past month are not doing much to whet the appetite for now, while a surge in US government bond yields to a 21-month high has added to the weak sentiment, according to Chen Li, a Beijing-based analyst at Chuacai Securities. “Rising Treasury yields have put constraints on tech and renewable energy stocks and...
