Chinese ADRs and ETFs rally in overnight trading; YINN soars 8%; KE Holdings jumps 5%; CHAU, Trip.com, Bilibili gain about 3%.
Officials from the Housing Ministry, the People’s Bank of China, the Finance Ministry and the National Financial Regulatory Administration will hold a joint briefing at 10 a.m. Thursday, according to a press invitation published late Tuesday.
ASML Holding gained 0.9% in overnight trading after tumbling 16% on reporting third-quarter earnings and revenue that rose from a year earlier but orders in the period that were well under Wall Street estimates, leading the company to cut sales guidance.
Trump Media & Technology Group slumped 5.6% in overnight trading after dropping 9.7% following a gain of 18% in the previous session. The stock had been rising as Trump's perceived chances of winning the U.S. presidential election in November have increased.
Shares of Novocure were trading 35% higher in overnight trading after the company said that the Food and Drug Administration had approved Optune Lua, its wearable treatment for certain types of lung cancer.