(Bloomberg) — Mainland-listed technology shares surged on Monday, driven by expectations of support from Beijing in response to U.S. moves on Chinese-owned software companies.A gauge for Shanghai’s Star board of tech startups closed 7.3% higher, a record gain and a fresh closing high. Shenzhen’s ChiNext Index rose 2.6%.The gains come amid signs that the U.S. will announce measures against Chinese-owned software deemed to pose national-security risks. President Donald Trump last week said he planned to ban TikTok, the popular music-video app owned by ByteDance Ltd., one of China’s biggest tech companies.Comments by U.S. Secretary of State Michael Pompeo suggest a …read more
Source:: Yahoo Finance
