China Tech Stocks Surge on Bets Crackdown to Ease, JPM’s Shift
- Hang Seng Tech Index extends gains into a third session
- Tech symposium taking place Tuesday boosts optimism for sector
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Chinese tech stocks jumped as traders bet a key meeting Tuesday between the nation’s top regulators and corporate giants would result in Beijing dialing back its yearlong clampdown of the industry.
The Hang Seng Tech Index rallied 5.8%, the most this month, with Sunny Optical Technology Group and Li Auto Inc. the top performers. JD.com Inc. also traded higher ahead of its earnings later in the day.