Shares of iQiyi Inc. (IQ) are soaring 5.03% in Monday's pre-market trading, riding the wave of optimism surrounding Chinese ADRs ahead of crucial US-China trade talks scheduled in London. This surge aligns with a broader trend of Chinese stocks gaining ground in anticipation of potential progress in trade relations between the two economic giants.
The upcoming discussions, set to focus on critical minerals, have sparked renewed interest in Chinese companies listed on US exchanges. While iQiyi wasn't specifically mentioned, other notable Chinese ADRs like Kingsoft Cloud, Li Auto, JD.com, and Alibaba have also seen significant pre-market gains, ranging from 1.4% to 8%.
Investors are closely watching these talks, which follow a rare call between former President Trump and Chinese President Xi Jinping last week. The meeting in London, involving top trade representatives from both nations, could potentially ease tensions and boost market sentiment. However, analysts caution that while optimism is high, significant breakthroughs may not be fully priced in by the market yet.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。