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U.S. Stocks Up As Chinese Tech Stocks Rebound

by Trish Intel
August 24, 2021
in Finance
U.S. Stocks Up As Chinese Tech Stocks Rebound

U.S. stocks were up in premarket trading in part on optimism surrounding a rebound in Chinese tech stocks. JD.com was up more than 8%, after the company posted positive earnings results, despite the Chinese crackdown. Alibaba group was up 5%. (Story continues below.) The rebound carried through U.S.-listed Chinese tech companies and helped bump up stock indices. It even prompted skeptical investors such as Cathie Wood back into Chinese stocks.

China passed a significant law surrounding data protection on Friday but investors believe the law will be introduced slowly enough to allow tech companies the opportunity to grow.

Back home, investors […]

Read the rest of this story here: trishintel.com

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