Hot chinese concept stocks surged in premarket trading

Tiger Newspress2021-08-24

Hot chinese concept stocks surged in premarket trading.Alibaba,Pinduoduo,JD.com,Baidu,NIO,Didi Global and Bilibili climbed between 2% and 8%.

Chinese technology stocks rallied for a second day, as sentiment was boosted by Tencent Holdings Ltd.’s stock buyback and as Cathie Wood bought back into JD.com after a strong set of results.

The Hang Seng Tech Index extended its advance to as much as 7.1%, adding to a gain of more than 2% on Monday, after a five-week rout that took the gauge to the lowest level since inception last year.

While there’s no indication that China’s regulatory will ease, the absence of significant new initiatives in recent days has helped draw in bargain hunters.

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Comments

  • joker1
    2021-08-25
    joker1
    No fear if u are a long term investor, just don't touch the 3 main pillars (education, property and healthcare) they mentioned will be heavily regulated. don't miss the great china sales.
  • LimLS
    2021-08-25
    LimLS
    Hopefully it's a rebound, not a dead cat bounce. I feared for more regulations and the recent investigation of senior party staff in Hangzhou seems to say this is still not the end. Good luck everyone
  • woonws
    2021-08-24
    woonws
    Is the sudden optimism justified?
  • JustStonks
    2021-08-24
    JustStonks
    I’m long in a lot of Chinese stocks. But I think that the fear, uncertainty and doubt is not over yet. But anyway, let’s see where we are in 2 years time. Institutions will likely to get back into them. Tight regulation is good for the long term and Chinese companies overall. 
  • BettyT
    2021-08-24
    BettyT
    China stocks jia yu! ??????
  • Megaverse
    2021-08-24
    Megaverse
    ? yes ?? 
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