Nasdaq Index of China Stocks Shows Signs of Life After Pummeling
- Gauge’s over 5% rise this week exceeds climb in global stocks
- Chart trends flag possible revival after 57% drop in 12 months
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Chart patterns for the Nasdaq Golden Dragon China Index are starting to suggest the equity gauge may extend a recent revival.
The 93-member measure of U.S.-listed Chinese shares is up over 5% this week -- exceeding a near-2% climb in global equities -- partly on bets that encouraging recent commentary from China’s cyberspace watchdog signals Beijing’s clampdown on the technology sector will ease.