24H | Chinese ADRs Jump as Investors Gear up for Alibaba Earnings, US Data

Tiger Newspress

Nov 24

Chinese ADRs jumped in overnight trading ahead of a week packed with earnings reports and a deluge of US economic data delayed by the government shutdown.

WeRide rose 5%; Hesai rose 4%; NetEase and Alibaba rose 3%; Baidu and NIO rose 2%; PDD Holdings Inc and Tencent Music rose 1%.

Panic sentiment spurred by sell-offs in bitcoin and tech stocks eased after a Federal Reserve official flagged his support for an interest-rate cut this month and a media report said that the US government would allow Nvidia to resume supply of its most advanced artificial-intelligence chips to China.

Meanwhile, investors are closely monitoring the overdue US economic data, including inflation figures, that will shape the outlook for the Fed’s monetary policies. Corporate results will also come to the fore among investors, with companies including Alibaba, NIO also due for earnings releases this week.

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Corporate results will also come to the fore among investors, with companies including Alibaba, NIO also due for earnings releases this week.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TME","symbol_name":"腾讯音乐","start_time":0,"source_url":"","article_id":"1129306460","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129306460","pubTimestamp":1763951889,"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 jumped in overnight trading ahead of a week packed with earnings reports and a deluge of US economic data delayed by the government shutdown.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TME":"腾讯音乐","BABA":"阿里巴巴","PDD":"拼多多","NIO":"蔚来","NTES":"网易","HSAI":"禾赛","WRD":"文远知行","BIDU":"百度"},"translate_title":"24H|投资者为阿里巴巴-SW财报和美国数据做好准备，中国ADR上涨","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PDD":2,"NIO":2,"NTES":2,"WRD":2,"TME":2,"HSAI":2,"BABA":2,"BIDU":2},"content_text":"Chinese ADRs jumped in overnight trading ahead of a week packed with earnings reports and a deluge of US economic data delayed by the government shutdown.WeRide rose 5%; Hesai rose 4%; NetEase and Alibaba rose 3%; Baidu and NIO rose 2%; PDD Holdings Inc and Tencent Music rose 1%.Panic sentiment spurred by sell-offs in bitcoin and tech stocks eased after a Federal Reserve official flagged his support for an interest-rate cut this month and a media report said that the US government would allow Nvidia to resume supply of its most advanced artificial-intelligence chips to China.Meanwhile, investors are closely monitoring the overdue US economic data, including inflation figures, that will shape the outlook for the Fed’s monetary policies. 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