BUZZ-U.S.-listed Chinese shares rise, mirroring rally in mainland and Hong Kong markets

Reuters
Yesterday
BUZZ-U.S.-listed Chinese shares rise, mirroring rally in mainland and Hong Kong markets

** U.S.-listed shares of Chinese companies rise in premarket trading on Monday, tracking a rally in mainland China and Hong Kong markets

** Rare earth and property stocks lead gains, as abundant liquidity fuels bullish sentiment across the region

** E-commerce firms Alibaba Group Holding BABA.N rises 3.5%, JD.com Inc JD.O gains 1.8%; PDD Holdings PDD.O up 11.5% after Q2 revenue beat estimates

** Gaming co NetEase Inc NTES.O up 5.6%, while search engine giant Baidu Inc BIDU.O adds 3.2%

** EV firm Nio Inc NIO.N rises 6.7%

** Music streaming co Tencent Music Entertainment Group TME.N and online video platform IQIYI Inc IQ.O marginally up while social media co Weibo Corp WB.O advances 2.2%

** Online education firms Gaotu Techedu Inc GOTU.N gains 2.1%, TAL Education Group TAL.N adds 1.2% and New Oriental Education & Technology Group Inc EDU.N up 1.6%

** Online brokerages Futu Holdings Ltd FUTU.O and UP Fintech Holding Ltd TIGR.O gain 1.6% and 4.7%, respectively

** China ETFs IShares MSCI China ETF MCHI.O and China Large-Cap ETF FXI.N adds 1% and 0.4%, respectively; KraneShares CSI China Internet ETF KWEB.K gains ~2%, while Direxion China CSI Daily Bull 2X CWEB.K advances 3.4%

(Reporting by Rashika Singh in Bengaluru)

((Rashika.Singh@thomsonreuters.com;))

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