China Drops Antitrust Probe Against Google, Boosting U.S. Trade Talks
Alphabet (GOOGL) shares rallied after China's State Administration for Market Regulation abruptly terminated its antitrust investigation into Google. The probe, initiated in February, had alleged violations of China's anti-monopoly laws without specifying details.
Google's minimal revenue exposure to China—just 1% of global sales—belies the geopolitical significance of the move. The decision coincides with ongoing trade negotiations between Beijing and the Trump administration, though Google hasn't received formal notification of the probe's closure.
Regulatory attention may now shift toward semiconductor firms as U.S.-China tech tensions evolve. The development underscores how geopolitical maneuvers increasingly dictate market movements in the tech sector.
