China Technology and Electric Car Stocks Down After Biden-Xi Meeting
by Brian Wang from NextBigFuture.com on (#6GEDN)
Chinese stocks were slumping early Thursday after a high-profile summit between Presidents Joe Biden and Xi Jinping, and a warning from Alibaba. Alibab will not spin off its cloud division as planned because of expanded U.S. export controls on chips have created uncertainty for the business. Shares of e-commerce giant Alibaba (ticker: BABA) down 8.2%. ...