Hot chinese ADRs soared in morning trading. Alibaba, Pinduoduo, JD.com, Netease, Baidu, Bilibili, DiDi, Nio, Xpeng Motors and Li Auto climbed between 5% and 16%.
Elon Musk Sold around $8.4 Billion Worth of Tesla Shares This Week
Tesla IncChief Executive Officer Elon Musk sold about 5.23 million shares in the electric vehicle maker, worth about $4.5 billion, in multiple open market sales on April 28, a securities filing showed on Friday.Elon Musk sold roughly $8.4 billion worth ofTeslashares this week, following his bid to takeTwitterprivate, according to filings with the Securities and Exchange Commission.The Tesla and SpaceX CEO offloaded about 4.4 million shares of his electric vehicle company in trades on Tuesday and