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.
Alibaba (ticker: BABA) stock climbed 2% in U.S. premarket trading on Monday, with shares in JD.com (JD) rising 3.5% and Nio (NIO) up 3%, exemplifying gains seen across the U.S.-listed Chinese tech sector. In Asian trading, the Shanghai Composite ended 0.4% higher, outperforming indexes in Tokyo and Singapore.
Source: finance.yahoo.com
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