Chinese tech stocks jumped as the sector’s outlook improved further following regulator comments that a years-long crackdown is ending.
Alibaba Group Holding Ltd. rallied as much as 8.3% to lead gains on the Hang Seng Tech Index, which rose more than 3% early Monday. The broader market also advanced, with the Hang Sang China Enterprises Index rising as much as 2.5%.
Alibaba Leads China Tech Gains on Regulatory Comments Crackdown Ending - Bloomberg
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