China Tech Stocks Need Earnings Boost Amid Trump, Macro Threats

After a rapid cooling in Chinese tech stocks on cloudy domestic macro prospects and rising geopolitical risk, investors are looking to major earnings reports due this week for a second wind.

Results from Tencent Holdings Ltd. and Alibaba Group Holding Ltd. will shed light on how their efforts to streamline businesses and lower costs have tided them over until Beijing stimulus can lift consumer spending. They may also provide insight on their ability to weather the higher US tariffs threatened by Donald Trump.