Chinese tech stocks recover after virus-induced sell-off

Jamie McKane

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Chinese tech stocks recover after virus-induced sell-off

While U.S. investors are grappling with a violent sell-off as the coronavirus spreads, their Chinese counterparts at the heart of the outbreak are back to making decent money again.

China’s swift and strict measures to contain the virus, optimism over fiscal and monetary stimulus, and relatively reasonable valuations are among the key reasons for the recent relative rebound, according to market participants.

[Bloomberg]
 
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