China Tech Stocks See Reconvened Buyer Interest
After a turbulent selloff and massive headwinds, China appears to be gaining positive momentum, as evidenced by a major institutional investor buying up tech stocks from the country. J.P. Morgan Asset Management has bought up shares of Alibaba Group Holding Ltd. and JD.com Inc. this year. Rebecca Jiang, co-manager of three China equity funds, told Bloomberg that she’s more optimistic about the sector as regulatory hurdles are being cleared, while macro policies offer support.
Source: https://etfdb.com/emerging-markets-channel/china-tech-stocks-see-reconvened-buyer-interest/
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