Tuesday saw a recovery in China stocks following the previous session's sell-off of Chinese assets by foreign investors who were concerned that President Xi Jinping's new leadership team would prioritize
Xi Jinping has been confirmed for a third five-year mandate as Chinese Communist Party general secretary.
Were he to complete his third term, he would become the longest-running paramount leader since Mao Zedong.
U.S.-listed Chinese stocks are nosediving in the premarket session on Monday amid fears over President Xi Jinping maintaining dominance following the weeklong Party Congress that concluded on Saturday.
Two weeks after the Biden administration announced new restrictions on semiconductor exports to China, investors and analysts are still trying to understand how much of a long-term impact the new rules will have on the industry.
The Biden administration is considering the possibility of fresh export curbs that would limit China’s access to some of the most powerful emerging computing technologies including quantum computing and artificial intelligence, reported Bloomber