Hot Chinese ADRs Rallied in Morning Trading

Tiger Newspress2022-11-04

Hot Chinese ADRs rallied in morning trading. Xpeng rose 17%; Li Auto rose over 13%; Nio rose over 11%.

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Comments

  • WJ77
    2022-11-05
    WJ77
    👍
  • robot1234
    2022-11-05
    robot1234
    Here’s what we know about the rebound in Chinese stocks this week. The Shanghai composite gained 5% during the week, while the Hang Seng Index notched gains of well over 8%, bouncing back from 13-year lows hit in the last two weeks. “The rally that we saw this morning was primarily triggered by the hope for reopening to happen earlier than expected,” Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, said Friday on CNBC’s “Capital Connection.” The Chinese government has yet to announce any official policy change. Covid-related restrictions on travel, regular virus testing requirements and other measures generally remained just as tight. However, the stock rally that accelerated Friday followed multiple unconfirmed rumors of a coming Covid policy change. “The rally th
  • JoyJoyce
    2022-11-04
    JoyJoyce
    Ok
  • BeRich
    2022-11-04
    BeRich
    Ok
  • Henryee18
    2022-11-04
    Henryee18
    Wow. Good one
  • Singman
    2022-11-04
    Singman
    Like
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