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Global News Impacting Chinese Tech

Asian shares are mixed, with Chinese markets gaining after declines on Wall St

News Snapshot:

BANGKOK (AP) — Asian shares were mixed on Wednesday, with Chinese markets gaining after Wall Street extended its losses on worries over inflation and tariffs. The rally in Chinese shares was led by gains for technology companies. Hong Kong's Hang Seng jumped 2.5% to 23,619.24, while the Shanghai Composite index added 0.5% to 3,362.63. Hong Kong-traded hares in food delivery company Meituan surged 6.1%, while e-commerce giant Alibaba gained 4.8%. Gaming and technology company Tencent Holdings advanced 3.6% and search engine and AI company Baidu was up 2.8%. Such companies have regaining some strength as Beijing has indicated stronger support…

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