Setup News Ticker
Searching for 'Stocks Growth'. (Return)

Yahoo BusinessAug 03, 2020
Chinese Tech Stocks Soar as U.S. Measures Spur Support Hopes
(Bloomberg) -- Mainland-listed technology shares surged on Monday, driven by expectations of support from Beijing in response to U.S. moves on Chinese-owned software companies.A gauge for Shanghai's Star board of tech startups closed 7.3% higher, a record gain and a fresh closing high. Shenzhen's ChiNext Index rose 2.6%.The gains come amid signs that the U.S. will announce measures against Chinese-owned software deemed to pose national-security risks. President Donald Trump last week said he planned to ban TikTok, the popular music-video app owned by ByteDance Ltd., one of China's biggest tech companies.Comments by U.S. Secretary of State Michael Pompeo suggest a possible widening of U.S. measures beyond the popular app. Microsoft Corp. was said to be exploring an acquisition of TikTok's operations in the U.S."Investors hold the belief that whatever sector the U.S. bans, China will step up support in that area to push for greater development at home," said Zhang Gang, a strategist with Central China Securities Co. "Following the threat of the TikTok ban, there are growing expectations that more supportive policies could be rolled out to boost the technology sector, and that's lifting the related shares."Monday's gains followed a call last week by Chinese President Xi Jinping for a greater push on reforms to stimulate domestic demand. While in the short term leaders have expressed satisfaction that growth is recovering, China faces a host of shorter-term economic problems including the confrontation with the U.S
COVID-19Due cases States positive Lost
TikTokMicrosoft Trump deal talks Chinese
TrumpTikTok Microsoft deal Biden talks
Coronaviruscases Times latest vaccine live
StockBuy market futures earnings tech
MicrosoftTikTok Trump deal talks Buy
filesbankruptcy Lord & Taylor Men
Bankruptcyfiles Lord & Taylor Men
HSBCProfits 65% Coronavirus expectations first-half
Chinaactivity fastest factory expands pace

Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money Real Estate News Analysis Indicators
Enterprise Application News
Forbes Headlines
Forbes Social Media News - China, Economy & Trade - Financial Markets - Hedge Funds - Telecoms - US
Google Business News
Google Market News
HBS Working Knowledge
INSEAD Knowledge
International Tax Review
L.S. Starrett News
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money Updates: News Digest
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC