Stocks Fall on China Curbs, Growth Risks; Oil Up: Markets Wrap

Stocks Fall on China Curbs, Growth Risks; Oil Up: Markets Wrap

(Bloomberg) — Stocks fell Monday as the risk of a slower recovery from the pandemic shadowed global markets and Chinese technology stocks buckled under the weight of Beijing’s regulatory clampdown.

A Hong Kong gauge of Chinese tech names tumbled after a report that officials are seeking to break up Ant Group Co.’s Alipay. China’s online platforms have also been told to protect the rights of workers in the so-called gig economy. China’s overall stock market fluctuated, while Japan…


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