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Contrarian Who Called China Tech Rout Says Sector Still a Sell

  • Optimism fueled by Didi report is ‘premature,’ says Muehl
  • Recent earnings suggest sector’s woes will persist for a while
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China to Wrap Probe Into Ride-Hailing Giant Didi, Report Says
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The tide of optimism surrounding China’s technology stocks is rising, but one analyst remains unconvinced.

DZ Bank AG’s Manuel Muehl, who was the first among over 70 analysts tracked by Bloomberg to issue a bearish call on China’s tech shares, is sticking to his sell recommendation amid growing bets that a crackdown on the sector may be easing.