Shares in U.S.-listed Chinese companies were moving higher Monday as investors smiled on comments from a high-profile speech by President Xi Jinping that was supportive of the country’s technology sector.
(ticker: BABA) stock climbed 2% in U.S. premarket trading on Monday, with shares in
(JD) rising 3.5% and
(NIO) up 3%, exemplifying gains seen across the U.S.-listed Chinese tech sector. In Asian trading, the
ended 0.4% higher, outperforming indexes in Tokyo and Singapore.
Leave a Reply