24H | Chinese ADRs and ETFs Rise. CHAU Jumps 4%; Alibaba Rises 3%; China A50 Futures Turn Positive

Tiger Newspress11-11 14:51

Chinese ADRs and ETFs rose in overnight trading. CHAU, XPeng rose over 4%; Alibaba, Li Auto rose over 3%; NIO, JD.com, PDD rose about 2%. China A50 index futures turned positive after a initial decline of 1.4%.

China’s trade surplus is on track to hit a fresh record this year.

The difference between Chinese exports and imports is set to reach almost $1 trillion if it continues to widen at the same pace as it has in the year to date, according to Bloomberg calculations. The goods trade surplus soared to $785 billion in the first 10 months, according to data released last week, the highest on record for that period and an increase of almost 16% from 2023.

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Comments

  • Shernice軒嬣 2000
    11-11 15:27
    Shernice軒嬣 2000
    The strong trade surplus is likely temporary, driven by advance orders placed in anticipation of tariffs imposed by the Trump administration on China.
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