CQQQ - Setbacks At Tencent And JD.Com While The New Economy Index Signals Tech Weakness

By ALT Perspective

With President Trump in Europe after firing his tariff shots at Mexico, media attention shifted away from the US-China 'trade war'. The Chinese finally had a moment to catch a breather. On the other hand, bargain hunters got busy and sent the share prices of many China-based companies up for the week. The defiant note belted out by China's central banker drummed up support for the Chinese economy. The Chinese tech sector was not left out, riding on both the country-specific recovery wave as well as the broader market speculative rebound on