Stock buyback euphoria is keeping the local makret upbeat for now. Photo: Bloomberg
Stock buyback euphoria is keeping the local makret upbeat for now. Photo: Bloomberg
Alibaba

Chinese tech stocks at rock bottom get buyback seal of approval after Goldman predicts upside

  • Investors may see a series of stock buybacks after China’s CSRC calls for measures to stem market rout
  • Xiaomi joins the fray after Alibaba tops up its buyback programme to a record US$25 billion amid a stock plunge

Stock buyback euphoria is keeping the local makret upbeat for now. Photo: Bloomberg
Stock buyback euphoria is keeping the local makret upbeat for now. Photo: Bloomberg
READ FULL ARTICLE