Sentiment Toward China Is Changing, as Tech Names Rally After Major Fine

Beijing’s ever-widening regulatory crackdown has spooked markets for much of the year. It’s easier to list the sectors that haven’t been targeted, as tech giants, online tutoring companies, food delivery companies, and property developers have each felt China’s wrath.

The extent of the fear that has built around China’s crackdown and its potential impact is perhaps best characterized by the relief spreading across Hong Kong markets on Monday amid signs it may not actually be that bad.


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