China ADRs Extend Rally. Kingsoft Cloud Up 9%; GDS Holdings Up 6.7%; YINN Up 3.8%; Alibaba, PDD Holdings Up Over 1%

Tiger Newspress

06-05

Some China ADRs jumped on Thursday. Kingsoft Cloud up 9%; GDS Holdings up 6.7%; YINN up 3.8%; KE Holdings up 2%; Alibaba, PDD Holdings up over 1%.

President Donald Trump said U.S. and Chinese teams will meet shortly after he and Chinese leader Xi Jinping discussed trade in a phone call on Thursday, adding that there "should no longer be any questions" on rare earth products.

"The conversation was focused almost entirely on TRADE. Nothing was discussed concerning Russia/Ukraine, or Iran," Trump wrote on social media, adding that the two leaders invited each other to their respective countries for visits.

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