Chinese stocks rallied on Monday as buyers ongoing to be optimistic that coronavirus regulations would be eased, even with repeated messages from authorities that China would stay the system on “zero Covid” guidelines.
Significant U.S.-listed Chinese stocks have been higher in premarket buying and selling, with
Alibaba
(ticker: BABA) mounting 1.5%,
JD.com
(JD) 2% in the environmentally friendly,
Tencent
(700.HongKong) climbing 2.9%, and
NIO
(NIO) jumping 3%. In Hong Kong trading, the
Dangle Seng Index
surged 2.7%, led higher by a 4.1% upward move in the Hold Seng Tech Index. Futures tracking the
S&P 500
index ended up up .5%, by comparison.
Chinese stocks rallied on Monday as buyers ongoing to be optimistic that coronavirus regulations would be eased, even with repeated messages from authorities that China would stay the system on “zero Covid” guidelines.
Significant U.S.-listed Chinese stocks have been higher in premarket buying and selling, with
Alibaba
(ticker: BABA) mounting 1.5%,
JD.com
(JD) 2% in the environmentally friendly,
Tencent
(700.HongKong) climbing 2.9%, and
NIO
(NIO) jumping 3%. In Hong Kong trading, the
Dangle Seng Index
surged 2.7%, led higher by a 4.1% upward move in the Hold Seng Tech Index. Futures tracking the
S&P 500
index ended up up .5%, by comparison.
