News Snapshot:
U.S.-listed shares of Chinese internet stocks are rallying sharply Tuesday after coming under pressure in recent weeks amid concerns about the potential for increased regulation. U.S.-listed shares of Alibaba Group Ltd. BABA, are up 6.3% in Tuesday trading, building on their 2% gain on Monday, which came after eight straight sessions of declines amid regulatory fears. Alibaba shares are on track for their largest single-day percentage increase since April 12, when the shares rose 9.3%. Shares of JD.com Inc. JD, are up 12.0%, and on track for their best single-day percentage performance since March 2, 2020, when the shares rallied...
