US-listed shares of Alibaba and other Chinese tech stocks rose 12% after China's Politburo reportedly said it would introduce measures to support the tech sector.
US-listed shares of Alibaba and other Chinese tech stocks rose 12% to $101.56 in premarket trade, moving above $100 for the first time since April 12, according to Business Insider. China's decision-making committee, the Politburo, reportedly said it will "introduce specific measures" to support the tech sector.
The question addressed both China and Russia, touching on the recent Ukraine invasion, but neither Munger nor CEO Warren Buffett touched on the latter. The pair did touch on Russia earlier, discussing how the increased threat of nuclear weapons following Russian President Vladimir Putin’s recent tests might impact Berkshire’s insurance operations.
Munger said the company "doesn’t have "any way of predicting if there’s going to be a nuclear attack."
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
US destroyer cruises through Taiwan Strait, drawing anger from ChinaA U.S. guided-missile destroyer sailed through the Taiwan Strait on Wednesday, drawing condemnation from China.
Les mer »
China, U.S. discussing audit deal plan as delistings loom - sourcesChina and U.S. regulators are discussing operational details of an audit deal that Beijing hopes to sign this year, sources familiar with the matter said, in the latest move to try to keep Chinese companies listed on U.S. exchanges.
Les mer »
Pacific Elders Say US-China Military Tensions Secondary to Rising Seas\u0022The primary security threat to the Pacific is climate change,\u0022 stressed former leaders of Pacific Island nations.
Les mer »
Surging sales at McDonald’s offsets trouble in China, RussiaThe Chicago burger giant announced in early March that it would temporarily close 850 stores in Russia. It continues to pay its 62,000 employees in the country. It also closed 108 restaurants in Ukraine and is paying its employees there as well.
Les mer »
Ukraine, China in focus for Japan PM Kishida on Southeast Asia visitJapanese Prime Minister Fumio Kishida sets off on Friday for an extended visit to Southeast Asia, aiming to marshal regional responses to the Ukraine crisis as well as counter China's growing assertiveness in the region.
Les mer »
Coronavirus Update: China to stick with 'zero' covid policy, as Shanghai cases riseChina's highly influential media outlet, Global Times, reports the country’s National Health Commission, citing that it will not depart from the covid
Les mer »