Stock Track | iQiyi Inc. Soars 5.21% Intraday as Chinese ADRs Rally on Reduced Regulatory Uncertainty

Stock Track01-21

iQiyi Inc. (IQ) surged 5.21% during intraday trading on Wednesday, mirroring a broader rally among Chinese ADRs and ETFs. The stock's rise was part of a sector-wide uptick, with peers like PDD Holdings, Baidu, Alibaba, Trip.com, and JD.com also posting gains.

Investors welcomed the removal of regulatory uncertainty as a positive catalyst for the sector. While the regulatory action specifically targeted PDD Holdings, the sentiment spilled over to other Chinese stocks, including iQiyi, driving their prices higher.

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