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Why Chinese Tech Stocks Kingsoft Cloud, Hello Group, and Vipshop Stocks Were Climbing Today

Jeremy Bowman, The Motley Fool
·3-min read
Why Chinese Tech Stocks Kingsoft Cloud, Hello Group, and Vipshop Stocks Were Climbing Today

Chinese stocks were rallying for the third day in a row as investors continue to see signs, including anti-lockdown protests, that strict zero-COVID policies could come to an end. There was no single news item driving the sector's gains, but a continuation of themes that have sent Chinese stocks soaring all month. Chinese authorities are also considering authorizing a fourth COVID-19 shot, which investors see as an alternative to strict lockdown restrictions, and health regulators said it would ramp up vaccinations for the elderly.

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