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Why Rotation Out Of Chinese Tech Stocks Bodes Well For Apple, Microsoft And US Tech Stocks Markets Insider

December 9, 2021
Source: businessinsider.com businessinsider.com
News Snapshot:
Last week Chinese ride-hailing giant DiDi Global Inc. (NYSE: DIDI ) announced plans to delist from the U.S. This underlines the regulatory pressure under which DiDi and other tech stalwarts have been operating in. China Tech Pain Is Gain For U.S. Peers: Beijing has created hurricane-like headwinds for Chinese stocks in 2021 and cast a dark shadow over the space heading into 2022, Wedbush analyst Ives said in a note. "We believe these dynamics will yet again bode well for US tech stocks as the favorable backdrop and rotation away from Chinese tech into US tech creates a 'nirvana set...
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