BUZZ-China ADRs rise mirroring gains in domestic shares on inflation rebound

Reuters03-11

** U.S.-listed shares of Chinese companies rise, mirroring gains in domestic shares after investors cheered consumer prices rising for the first time in six months

** Rise in consumer prices in the world's second-largest economy denotes an inflation rebound, raising hopes of an economic recovery

** E-commerce firms Alibaba Group Holding , JD.com Inc and PDD Holdings rise between 2.5% and 5%

** Gaming stocks Bilibili Inc surges 13% and peer NetEase Inc up 1.7%, while search engine giant Baidu Inc adds 2.7%

** EV firms Li Auto Inc , Nio Inc and Xpeng Inc gain between 2% and 6.5%

** Music streaming co Tencent Music Entertainment Group

and online video platform IQIYI Inc rise 1.6% and 4%, respectively, while social media co Weibo Corp and live streaming platform Huya Inc climb 6.3% and 12%, respectively

** Online brokerages Futu Holdings Ltd and UP Fintech Holding Ltd gain 5.4% and 6.2%, respectively

** China ETFs such as iShares MSCI China ETF , China Large-Cap ETF and KraneShares CSI China Internet ETF

gain 2.6% to 4%, while Direxion China CSI Daily Bull 2X

advances 8%

(Reporting by Pranav Kashyap in Bengaluru)

((Pranav.Kashyap@thomsonreuters.com;))

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