will drop more?

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Although Chinese tech stocks are probably one of the most unloved parts of global stock markets right now, it’s also worth taking a step back and looking at the actual businesses.
One of those companies under the microscope in China has been Alibaba Group Holding Ltd.
Alibaba also happens to have a dominant presence in the cloud computing market in China through its Alibaba Cloud business.
In the US, most of us will be aware that the two leading players in cloud computing, Amazon and Microsoft Corporation， make incredible amounts of money from the sector.However, given the size and depth of the US market it's understandable. China's cloud market is still young, though. So, beyond the headlines, is Alibaba's cloud business actually just a younger version of Amazon?
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Stocks to extend drop as virus concerns spur bonds
A global stocks selloff looks set to continue in Asia on Tuesday as the spread of the delta coronavirus variant stokes concerns about the resilience of the economic recovery and bolsters haven assets.
Futures fell about 1% in Japan, Australia and Hong Kong. U.S. contracts edged up after the S&P 500 fell the most in two months, with cyclicals like energy and financial shares suffering in a reversal of the reopening trade. Volatility soared, sending the Cboe Volatlity Index, or VIX, higher.
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