Macao casinos, Chinese stocks hit amid fear of new Covid restrictions and tech crackdown


Source: aninews.in aninews.in

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Hong Kong, July 11 (ANI): Amid fears of new Covid restrictions and a renewed regulatory offensive against big tech companies, Macao casinos were ordered to close down and the Chinese stocks fell on Monday. China's tech stocks plunged after the country's antitrust regulator imposed fresh fines on a batch of A-list companies, rekindling fears that Beijing is still not lifting the pressure on the country's embattled internet giants, reported CNN. Moreover, casinos in the gambling hub of Macao were ordered to close for the first time since February 2020 because of a Covid outbreak. Macao casino stocks declined across the...