Economics
Traders Look to China Tech Earnings to Stem Losses: Taking Stock
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Investor hopes that Wednesday’s nascent equity market rebound will continue likely depends on the imminent results from two of China’s biggest companies -- Tencent Holdings Ltd. and Alibaba Group Holding Ltd.
The two technology giants -- the ‘A’ and ‘T’ in the BAT complex -- are set to report today against a backdrop of renewed anxiety over the Sino-American trade war and ongoing concern about the health and resiliency of China’s economy. Investors stand to get fresh insights on both fronts when the companies unveil their latest quarterly earnings.