Technology stocks continued their upward trend during the second quarter, including a slew of 2022's China-based tech losers. Earlier this year, the country fully reopened borders to foreign tourists for the first time since the eruption of the Covid-19 pandemic, but gross domestic product data showed a slower-than-expected recovery. More recent data has also painted a picture of a wobbling economy , with recent industrial production data in China rising 3.
mountain Alibaba shares year to date The big investor also amped up his bet on Alibaba , a popular name among a handful of major hedge funds. Other hedge funds raising bets on the company included Third Point's Dan Loeb, while Viking Global's Ole Andreas Halvorsen opened a minor stake worth $77.7 million. Baidu also garnered the attention of big investors, with both Coatue Management's Philippe Laffont and Appaloosa taking fresh gambles on the stock.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: AP - 🏆 728. / 51 Read more »