Alibaba, US-Listed China Stocks Soar as Crackdown Fears Ease

Alibaba, US-Listed China Stocks Soar as Crackdown Fears Ease

(Bloomberg) — US-listed China stocks surged Monday to the highest since early April on increased speculation that a year-long government crackdown on the technology industry is easing.

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While the S&P 500 Index struggled to mount much of an advance, the Nasdaq Golden Dragon Index closed 5.4% higher after surging as much as 8.3%, as Chinese regulators were said to be close to wrapping up their investigation of Didi Global Inc. The company’s American depositary receipts…


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