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CC-Transcript

  • 00:00[CC may contain inaccuracies] A huge turnaround before those Politburo lines were released just half an hour or so ago in the morning session in Hong Kong and this was really on the back of this Bloomberg scoop and trade speculation that perhaps you would be seizing it seeing rather an easing in this crackdown on China. Tick. A sign of progress if you will in these talks to keep U.S. stock markets open to issuers from Asia's largest economy. And then we had China in that politburo vowing to support the healthy growth of platform companies. So you can see these huge gains coming through in the likes of Alibaba Tencent lifting the Hang Seng Tech Index by the most in six weeks.
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Chinese Technology Stocks Gain on Possible Easing of Crackdown

  • Bloomberg Daybreak: Europe

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April 29th, 2022, 6:48 AM GMT+0000

Chinese stocks are rallying, led by technology shares, as the country’s top leaders vowed to support healthy growth of platform firms, and traders are citing speculation of a possible near-term easing of the nation’s continued crackdown on internet companies. Juliette Saly reports on "Bloomberg Daybreak: Europe." (Source: Bloomberg)


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