120 days ago • Posted by Charles-Henry Monchau

Chart of the day: Chinese Tech ADRs surged as WSJ reports Americans will be allowed to invest in Alibaba, Tencent and Baidu (after all)

After weeks of confusion whether US investors would be barred from investing in Chinese gigacaps, moments ago the WSJ reported that the U.S. government - under Joe Biden - is expected to let Americans continue to invest in Chinese tech giants Alibaba, Tencent and Baidu "after weighing the firms’ alleged ties to China’s military against the potential economic impact of banning them." - source: www.zerohedge.com 

Chinese ADRs chart