Last week Chinese ride-hailing giant DiDi Global Inc. (NYSE:DIDI) announced plans to delist from the U.S. This underlines the regulatory pressure under which DiDi and other tech stalwarts have been operating in. China Tech Pain Is Gain For U.S. Peers: Beijing has created hurricane-like headwinds for Chinese stocks in 2021 and cast a dark shadow over the space heading into 2022, Wedbush analyst Ives said in a note.
Why Rotation Out Of Chinese Tech Stocks Bodes Well For Apple, Microsoft And US Tech Stocks