Cathie Wood buys $2.7M surging China tech stock after tariff talks

Cathie Wood, founder and chief of Ark Funding Administration, is higher identified for backing cutting-edge tech fancy AI and robotics, with most of her investments fascinated by U.S. corporations.

But this week, she made a transfer in China, picking up $2.7 million worth of a Chinese language tech stock as substitute tensions between Washington and Beijing confirmed signs of easing.