** U.S.-listed shares of Chinese companies rise in premarket trading, tracking gains in domestic shares following fresh stimulus from Chinese central bank
** China's central bank will cut the amount of cash that banks must hold as reserves from Feb. 5, as policymakers extend efforts to shore up a fragile economic recovery
** The Shanghai Composite closes up 1.8% after hitting five-year low earlier this week, while Hong Kong's Hang Seng jumps 3.6%
** E-commerce firms Alibaba Group Holding , JD.com Inc and PDD Holdings rise between 1.7% and 2.1%
** Gaming stocks Bilibili surges 5.1% and peer NetEase up 3.8%, while search engine giant Baidu
adds 2.6%
** EV firms Li Auto Inc and Nio Inc gain 3.1% and 4.2%, respectively
** Music streaming co Tencent Music Entertainment Group
and online video platform IQIYI rise 3.9% and 4.6%, respectively, while Social media co Weibo and live streaming platform Huya climb 4.4% and 1.3%, respectively
** Online education firms Gaotu Techedu , TAL Education Group and New Oriental Education & Technology Group up 6.3%-10.4%
** EDU shares also rise as co forecasts Q3 2024 revenue above analysts' estimates, per LSEG data
** Online brokerages Futu Holdings and UP Fintech Holding gain 5.1% and 5.8%, respectively
** China ETFs such as IShares MSCI China ETF , China Large-Cap ETF and KraneShares CSI China Internet ETF
gain 3.1%-3.4%, while Direxion China CSI Daily Bull 2X
advances 6.8%
(Reporting by Shristi Achar A in Bengaluru)
((Shristi.AcharA@thomsonreuters.com ))
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