News Snapshot:
China-focused investors are breathing a sigh of relief this week thanks to a rally driven by solid earnings in the tech sector. Beijing has ceased fire after blasting salvos at Big Tech, e-commerce platforms, after-class tutoring, video game makers, food delivery and ride hailing services, crypto miners and e-cigarette makers. That cessation of fire has provided shell-shocked shareholders of Internet companies a chance to collect the dead and wounded in their portfolios. But bigger problems may await the broader Chinese economy. This short-term bounce in stocks may mask uncertain business prospects over the medium term, risks that are not fully...
