Chinese ADRs jumped in overnight trading. NetEase and Kingsoft Cloud rose 5%; JD.com, Tencent Music, KE Holdings, and iQiyi rose 4%; WeRide rose 3%; PDD Holdings, Baidu, Trip.com, and Alibaba rose 2%; NIO and XPeng rose 1%.
Chinese ADRs jumped in overnight trading. NetEase and Kingsoft Cloud rose 5%; JD.com, Tencent Music, KE Holdings, and iQiyi rose 4%; WeRide rose 3%; PDD Holdings, Baidu, Trip.com, and Alibaba rose 2%; NIO and XPeng rose 1%.
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