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China Tech Buzz

Global News Impacting Chinese Tech

Is China Back?, Markets, Friday Selloff, Semiconductors, Week Ahead, Fed, Apple – TECHTELEGRAPH

News Snapshot:

It started in Asia. Equities opened stronger on Monday. The optimism in Asia that then spread to Europe and also included US equity index futures stood in stark contrast to the mood on Wall Street this past Friday after the Bureau of Labor Statistics published that agency’s twin employment surveys for the month of May. What gives? First, the Shanghai Composite popped 1.2% as Hong Kong’s Hang Seng popped 2.7%. The Caixin Services PMI for China printed at what would have not too long ago been considered an anemic 41.1 (above 50 signals expansion), but this 41.1 came in the…

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