Shares of technology companies rose as fears about increased regulatory scrutiny for Chinese Internet concerns abated. U.S.-listed shares of Baidu, Tencent Holdings and Alibaba Group rose.
China launched an anti corruption probe into officials in the eastern Chinese city of Hangzhou, where Alibaba Group Holding and Ant Group are based, in what could be another source of regulatory pressure for billionaire Alibaba founder Jack Ma.
Intel said it would provide commercial foundry services in the first phase of a broader Defense Department program that aims to build up domestic design and production of cutting-edge chips.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
08-23-21 1634ET
