BUZZ-China ADRs track gains in mainland peers

Reuters11-05 19:12

** Chinese companies' US-listed shares rise premarket, tracking gains in mainland stocks after Chinese Premier Li Qiang expressed confidence in an economic recovery, while data showed Oct services activity expanded at fastest pace in three months

** Shanghai Composite closed up 2.32% and blue-chip CSI 300 jumped 2.53%, ending at four-week highs

** Alibaba , JD.com and PDD Holdings gain 2%-3%

** EV firms Li Auto climbs 2%, Nio up 3% and Xpeng races nearly 5%

** Gaming stock Bilibili climbs 4.7%, search engine giant Baidu rises 2.3%, video platform iQIYI surges 5.7%

** Tencent Music and Weibo both up 2.7%

** Chinese ETFs such as iShares MSCI China ETF advances 2.7%, KraneShares CSI China ETF up 2.9% and iShares China Large-Cap ETF climbs 2.5%

(Reporting by Sukriti Gupta in Bengaluru)

((Sukriti.Gupta@thomsonreuters.com;))

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