Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
NASDAQ Golden Dragon CN Index Up 6.4%; Alibaba (BABA.US) Jumps Up 8%+
Recommend 77 Positive 130 Negative 45 |
||||
|
||||
|
The Chinese government work report propounded an economic growth target of around 5% for this year. Correspondingly, the NASDAQ Golden Dragon China Index surged 485 points, or 6.4%, to 8,073. Chinese ADRs mushroomed, with Alibaba (BABA.US) up 8.6%; Baidu (BIDU.US), Bilibili (BILI.US), Vipshop (VIPS.US), and Pinduoduo (PDD.US) climbing between 5.4% and 6%. New Oriental Education (EDU.US), Kingsoft Cloud (KS.US), and Trip.com (TCOM.US) soared 6.4%, 7.4%, and 7.8%, respectively, while GDS (GDS.US) swelled 10.2%. Tencent (TCEHY.US) rallied 6.5%. In the auto sector, XPeng (XPEV.US) leaped 7.1%, Geely's Zeekr (ZK.US) jumped up 10.2%, Nio (NIO.US) and Li Auto (LI.US) advanced 3.1% and 3.6%, respectively, and BYD (BYDDY.US) swelled 2.5%. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
