Chinese Tech Stocks Bounce Back As Government Changes Tune

Chinese Tech Stocks Bounce Back As Government Changes Tune

OilPrice.com

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Following the four-day meeting, or "plenum," of the Communist Party's Central Committee, there has been a lot of optimism in Chinese stocks overnight. First, shares in property developers recorded their best two-day gain in six years. Technology stocks moved higher as Beijing is expected to soften regulatory crackdowns.  Take Didi Global Inc., China's leading ride-hailing company, which traded as high as $10 in the US premarket, up more than 10% from Wednesday's close of $8.95 as the company is planning to reintroduce its apps on Chinese app…

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