Chinese Stocks in U.S. Surge After Hong Kong Peers Rebound
- Tencent and Alibaba both rise by more than 5% on Thursday
- The Nasdaq Golden Dragon China Index climbs as much as 5.1%
A pedestrian passes the Didi Global Inc. headquarters in Beijing, China.
Photographer: Yan Cong/BloombergThis article is for subscribers only.
Chinese technology stocks listed in the U.S. are gaining for a third straight day on Thursday after peers in Asia rallied on improved risk appetite.
Shares in Tencent Holdings Ltd. jumped as much as 5.3% as of 10:01 a.m. in New York, while fellow technology giant Alibaba Group Holding Ltd. climbed 6.9%. Other tech shares including JD.com Inc., Baidu Inc., Pinduoduo Inc. and DiDi Global Inc. were among American depositary receipts rising at least 3%.