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Chinese Tech Stocks Jump as U.S. Delisting Concerns Ease

  • Beijing’s rule change may give U.S. full access to audit data
  • Risk of tech stocks’ U.S. delisting had weighed on shares
Updated on

Chinese technology stocks advanced as Beijing sought to remove a key sticking point in its audit dispute with the U.S., easing investor concerns over shares getting kicked off from American exchanges.

The Hang Seng Tech Index gained 5.4%, the most in more than two weeks, counting shares of companies that are also listed in the U.S. such as Bilibili Inc., XPeng Inc. and Baidu Inc. among its top gainers.