Skip to content

Chinese Stocks in US Climb as Audit Update Eases Delisting Risk

  • US regulators say now have access to Chinese firms audit data
  • Golden Dragon Index jumps 2.5% led by Alibaba, JD, Pinduoduo
New York Stock Exchange As Futures Dip Ahead Of Powell Speech
Photographer: Michael Nagle/Bloomberg

Chinese stocks in the US jumped across the board on Thursday, as US regulators said they have secured complete access to review audit papers of companies based in China and Hong Kong, reducing the risk of hundreds of those firms being booted from American stock exchanges.

Chinese stocks in the US rose, bucking a broader market decline on Thursday, as large-cap tech companies Alibaba Group Holding and gained as much as 3.5%, while Pinduoduo rose 3.1%.