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 […]
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