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Global News Impacting Chinese Tech

Asian shares up, extending Wall St gains as US wages slow

News Snapshot:

Shares have climbed in Asia following a rally on Wall Street, where investors bet that slow US wage gains may augur a cooling of the inflation that has led the Federal Reserve to hike interest rates. Gains in technology shares boosted benchmarks in South Korea, Hong Kong and Taiwan. Japan's markets were closed for a holiday. A Chinese financial news outlet cited a top central bank official as saying that China's more than two-year crackdown on internet companies is nearly finished. Caixin quoted Guo Shuqing, the Communist Party secretary of the People's Bank of China as saying the government would…

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