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China Tech Stocks Rise on Audit Deal!

U.S.-listed China technology stocks are surging premarket!

After the two countries struck a deal over audit inspections that could avert the mass delisting of Chinese companies from American exchanges.

American depositary receipts for Alibaba, JD.com and Pinduoduo were all up more than 5% recently.

*Tweet on China’s stock news and audit with U.S

The gains build on a rally in the previous session, which lifted the Nasdaq Golden Dragon China Index by more than 8%.

The SEC’s Gary Gensler says agreeing a deal with China over audit inspections is “merely a step in the process

  • The Wall Street Journal reported Thursday that U.S. and Chinese regulators were nearing agreement.

Securities and Exchange Commission Chairman Gary Gensler cautions that the agreement is “merely a step in the process.” as per the SEC’s announcement.


Image: China chart