Why Shares of 360 DigiTech Are Rising Today

Shares of the Chinese fintech 360 DigiTech (NASDAQ: QFIN) were nearly 12% higher as of 3 p.m. ET today, as inflation eased in China.

While inflation has been surging in the U.S., China's consumer price index only grew 1.5% in December from one year ago, falling short of the 1.8% expected in a Reuters poll, and less than the 2.3% increase in November.

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Source Fool.com