For Chinese Tech Stocks, No News Is Good News

Hang Seng Tech Index has clawed back 11% after hitting a trough last week

By

Rebecca Feng

Shares in major Chinese technology companies likeJD.com Inc.andMeituanjumped Wednesday, adding to a recent rebound that suggests some investors see good value in the sector after a bruising 2021.

Analysts and investors said there was no clear catalyst for the rally in Hong Kong-listed Chinese tech stocks. But they said buyers appeared to be reassessing the sector in the new year, given lower valuations and an apparent lull in new action from Beijing.

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