News Snapshot:
Chinese Tech Stocks Jump After Tencent Gets Deal Approval (Bloomberg) -- Hong Kong-listed Chinese tech stocks rose the most in three weeks on Tuesday as official approval for a Tencent Holdings Ltd. acquisition eased investor concerns about Beijing’s recent regulatory crackdown. Tencent’s purchase of search engine developer Sogou was approved by China’s anti-monopoly regulator, according to a statement on the website of the State Administration for Market Regulation. The Hang Seng Tech Index jumped as much as 2.7% -- its biggest gain since June 23 -- while Tencent climbed as much as 5.2%. The gauge of the city’s tech stocks...
