DIDI - DiDi pulls Chinese tech stocks north as big gains lift sector

Chinese tech and Internet stocks roared to life, Monday, with DiDi Global (NYSE:DIDI) leading the charge following reports that Beijing regulators are set to end a cybersecurity probe of the ride-sharing giant. DiDi (DIDI) shares surged more than 56% in early trading after the Wall Street Journal reported that Chinese government officials will not only call a halt to their long-running probe of DiDi (DIDI), but put an end to a ban of DiDi (DIDI) adding new users to its platform. The move will allow DiDi's (DIDI) app to be available again on app stores in China as early as this week. While DiDi (DIDI) was the ultimate beneficiary of the day's gains, other Chinese tech bellwethers were able to claim victories across Wall Street as investors didn't hold back with their positive sentiment about the sector and its prospects. Alibaba (BABA) climbed more than 7%, Baidu (BIDU) and Tencent Holdings

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DiDi pulls Chinese tech stocks north as big gains lift sector