A bumper fine on Alibaba’s Ant Group and Tencent fueled expectations that China was now winding down its three-year regulatory crusade against local technology firms. Investors also bet that worsening economic conditions in China will push the government into encouraging private investment in technology firms,
Other Hong Kong-listed Chinese stocks also advanced, as Chinese state media reported that Beijing is likely to roll out more stimulus measures to support a slowing economic recovery.
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Asian stocks surge as markets bet on peak Fed rates, China stimulus By Investing.com⚠️BREAKING: *ASIAN SHARES JUMP AS INVESTORS EYE END TO FED HIKES, CHINA STIMULUS 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳
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Major business group slams disclosure rules as House Republicans probe ESG investingHouse Republicans scheduled several hearings this month to probe ESG investing, which has become a big target on the right.
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