Investing in Chinese tech stocks based on state media reports can be like reading tea leaves, and just as risky

Source: Tech – South China Morning PostChina’s state-backed newspapers and publications are garnering interest from an unintended group of followers: investors in China’s tech stocks.A news story running on an inside page of a Chinese newspaper could lead to billions of dollars worth of market value being erased in mere minutes. And an opinion piece penned by a researcher could lead to wild swings in stock prices from Hong Kong to New York, even though no listed company is directly mentioned.The sudden surge in influence among state…Read More

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