Chinese ADRs Gain as China's Q1 Growth Beats Forecast

Tiger Newspress

04/16

Chinese ADRs advanced in premarket trading. Direxion Daily FTSE China Bull 3X Shares, Alibaba, and Baidu rose 4%; Kingsoft Cloud and NIO rose 3%; NetEase, Tencent Music, Trip.com, PDD Holdings, and Bilibili rose 2%; XPeng rose 1%.

China's economy grew 5.0% in the first quarter from a year earlier, official data showed ‌on Thursday, beating analysts' expectations as policymakers brace for the fallout from the Iran war.

Analysts polled by Reuters had forecast the January-March quarter gross domestic product (GDP) ⁠would expand 4.8% from a year earlier, compared with a 3-year low of 4.5% in the fourth quarter.

On a quarterly basis, GDP grew 1.3% in the first quarter, matching forecasts and just ahead of the 1.2% gain in the previous quarter.

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<a href=\"https://laohu8.com/S/KC\">Kingsoft Cloud</a> and <a href=\"https://laohu8.com/S/NIO\">NIO</a> rose 3%; <a href=\"https://laohu8.com/S/NTES\">NetEase</a>, <a href=\"https://laohu8.com/S/TME\">Tencent Music</a>, <a href=\"https://laohu8.com/S/TCOM\">Trip.com</a>, <a href=\"https://laohu8.com/S/PDD\">PDD Holdings</a>, and <a href=\"https://laohu8.com/S/BILI\">Bilibili</a> rose 2%; <a href=\"https://laohu8.com/S/XPEV\">XPeng</a> rose 1%.      </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/80bd51ca505cdd7eb6ec19b16e5a2aab\" tg-width=\"731\" tg-height=\"557\"/></p><p>China&#39;s economy grew 5.0% in the first quarter from a year earlier, official data showed ‌on Thursday, beating analysts&#39; expectations as policymakers brace for the fallout from the Iran war.</p><p>Analysts polled by Reuters had forecast the January-March quarter gross domestic product (GDP) ⁠would expand 4.8% from a year earlier, compared with a 3-year low of 4.5% in the fourth quarter.</p><p>On a quarterly basis, GDP grew 1.3% in the first quarter, matching forecasts and just ahead of the 1.2% gain in the previous quarter.</p><p></p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BIDU","symbol_name":"百度","start_time":0,"source_url":"","article_id":"1189889733","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1189889733","pubTimestamp":1776331371,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Chinese ADRs advanced in premarket trading. $Direxion Daily FTSE China Bull 3X Shares(YINN)$, $Alibaba(BABA)$, and $Baidu(BIDU)$ rose 4%; 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Direxion Daily FTSE China Bull 3X Shares, Alibaba, and Baidu rose 4%; Kingsoft Cloud and NIO rose 3%; NetEase, Tencent Music, Trip.com, PDD Holdings, and Bilibili rose 2%; XPeng rose 1%.      China's economy grew 5.0% in the first quarter from a year earlier, official data showed ‌on Thursday, beating analysts' expectations as policymakers brace for the fallout from the Iran war.Analysts polled by Reuters had forecast the January-March quarter gross domestic product (GDP) ⁠would expand 4.8% from a year earlier, compared with a 3-year low of 4.5% in the fourth quarter.On a quarterly basis, GDP grew 1.3% in the first quarter, matching forecasts and just ahead of the 1.2% gain in the previous quarter.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"economic","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}