News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Trading

Investors take cover in bank stocks on US tech turmoil

'Clearly, this is a reversal of recent trends and begs the question whether we’re seeing the start of a change in market leadership'

Financial stocks on the benchmark Hang Seng index outperformed their competitors on 7 January, following reports that US officials are considering banning US investment in Alibaba and Tencent.

The Trump administration has in recent weeks discussed expanding a blacklist of companies with alleged ties to Chinese military and security services to include the technology giants.

WSJ Logo