China tech shares surge as Alibaba, Baidu earnings boost sentiment

May 27, 2022 10:26 AM

HONG KONG (BLOOMBERG) – Chinese tech shares jumped on Friday (May 27) after two of the biggest Internet giants reported earnings that topped estimates, easing investor worries about the economic hit from Covid-19 lockdowns.

Source : https://www.straitstimes.com/business/companies-markets/china-tech-shares-surge-as-alibaba-baidu-earnings-boost-sentiment