Wall Street

Futures rebound as China ADRs rally; tech, growth stocks rise

Published by
Reuters

(Reuters) – U.S. stock index futures bounced on Monday, as a report of Beijing regulators concluding a year-long probe into Didi Global added to optimism about easing COVID-19 curbs in the country, lifting shares of other NY-listed China stocks. Shares of the ride railing firm surged 50% to $2.77 in premarket trading after the Wall Street Journal reported that regulators are preparing as early as this week to allow the mobile app back on domestic app stores. Didi, which was hit by a data-related cybersecurity investigation days after its IPO in June 2021, approved delisting its American Deposi…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street