Morning Bid: Alibaba fires up market mood


Source: reuters.com reuters.com

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A look at the day ahead in European and global markets from Anshuman Daga Just as investor angst over U.S. and European banking troubles eases, the potential end of China's multi-year regulatory crackdown on the tech sector is also cheering up markets. An unprecedented revamp of Chinese tech conglomerate Alibaba Group, which analysts believe to have the blessings of local regulators, pushed up Alibaba's U.S.-listed stock, and then its Hong Kong shares on Wednesday. Companies in China's internet, private education and property sectors have lost billions of dollars in market value in recent years as the country's regulators cracked down...