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3 Chinese Stocks to Buy as DIDI Soars: BABA, FXI, EEM

June 7, 2022
Source: investorplace.com investorplace.com
News Snapshot:
Shares of the Chinese tech company Didi Global (NASDAQ: DIDI ) soared as much as 68% Monday morning after the Wall Street Journal revealed that Chinese government regulators were ending their security probe and removing the ban on new users. The news isn’t just boosting Didi stock – it has buyers swarming Chinese stocks across the board. For the past year, increased government scrutiny has weighed on U.S.-listed Chinese firms, and many have fallen to multi-year lows. The country’s combative tone has driven investors out of many once high-flying tech giants, reasoning that the regulatory risk wasn’t worth the potential...
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