 "China, economy")
Even a $1.5 trillion selloff may not provide an attractive entry point for equity investors as they grapple with cascading risks in China’s technology sector.
A stock rout triggered by Beijing’s widening clampdown has left Tencent Holdings Ltd. trading at a price-to-book ratio lower than during the 2008 financial crisis. Alibaba Group Holding Ltd. has slumped to record low in Hong Kong, where the benchmark stock index fell into a bear market this week. Despite such rapidly diminishing valuations, the pace of fund outflows suggest few buy signals are flashing.
“I don’t think it will end very soon,” said Alex Au,
