Chinese Streaming Stocks Still Surging, Sphere Entertainment Shares Gain

Chinese Streaming Stocks Still Surging, Sphere Entertainment Shares Gain

Chinese music streaming stocks continued their upward trajectory this week as trade tensions between Washington and Beijing showed signs of easing. Netease Cloud Music rose 12.1% to 302.40 HKD ($38.55), bringing the Chinese music streamer’s July gain to an impressive 25.5% and its year-to-date improvement to 164.8%. Tencent Music Entertainment (TME), China’s leading music streaming company, rose 8.3% to $21.43, valuing the company at $36.8 billi…