24H | Chinese ADRs Gain. JD.com, XPeng Rise 3%; Li Auto, Nio Jump 2%
Tiger Newspress11-15 13:32
Chinese ADRs and ETFs gained in overnight trading. JD.com, XPeng rose 3%; Li Auto, Nio, CHAU jumped about 2%; PDD Holdings, YINN rose over 1%.
China’s economy showed signs of stabilization last month, buoyed by the highest retail sales growth in eight months and indicating Beijing’s latest round of stimulus has boosted some key sectors.
Retail sales increased 4.8% from a year earlier, the National Bureau of Statistics said Friday, up from September’s gain of 3.2% and beating the median forecast of 3.8% by economists in a Bloomberg survey. It marked the best reading since February.
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