The mere thought that America is A)actually going through with it and B)could set precedent to do more has likely shook what they thought was a solid eternal investment is likely causing a bunch of investor terror.
I think they worry that America might push their allies into following suit. Also, Trump hasn't ruled out further action, so this could easily get a lot worse for them.
People who invest into big name stocks are usually doing so as a safe bet, so this uncertainty will keep compounding the issue. The CCP will prop it up eventually, if they aren't already, but I don't think this can be stopped.
The mere thought that America is A)actually going through with it and B)could set precedent to do more has likely shook what they thought was a solid eternal investment is likely causing a bunch of investor terror.
I think they worry that America might push their allies into following suit. Also, Trump hasn't ruled out further action, so this could easily get a lot worse for them.
People who invest into big name stocks are usually doing so as a safe bet, so this uncertainty will keep compounding the issue. The CCP will prop it up eventually, if they aren't already, but I don't think this can be stopped.
Despite the order only applying to WeChat, Tencent hasn't bounced back after the weekend.
ISTR that there's a separate one for Tiktok, which may be causing rather more of the concern.
God, I hope it gets worse for them. I hope Trump latches on and doesn't let the red menace get away with shit anymore.
I hope they apply it to all Tencent owned companies. All those game devs that got money from Tencent should be included.
Opening scene of Cold War 2?
I don't want to seem to eager, but there might not be any other options when it comes to china.