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Alibaba, US-listed China stocks soar as crackdown fears ease | The Straits Times

News Snapshot:

NEW YORK (BLOOMBERG) – US-listed China stocks surged Monday to the highest since early April on increased speculation that a year-long government crackdown on the technology industry is easing. While the S&P 500 Index struggled to mount much of an advance, the Nasdaq Golden Dragon Index closed 5.4 per cent higher after surging as much as 8.3 per cent, as Chinese regulators were said to be close to wrapping up their investigation of Didi Global. The company's American depositary receipts soared 68 per cent at the start of US trading before paring some of those gains, leaving them up more…

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