Chinese Tech Stocks Climb Back
China concept stocks, those Chinese companies that trade on U.S.-based exchanges, rebounded today following a ~7% climb in the CSI 1000.
Leading the Charge was $XPeng(XPEV.US$ , $Bilibili(BILI.US$ at +11%, followed by Li Auto and IQ.Chinese EV companies rallied following an analyst upgrade to Li Auto, and general downtown facing the Tesla stock price.
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bay78bay : thank you for the heads-up
SpyderCall : There is breadth of participation in all the chinese ADRs. Not just the big boys like BABA, JD, BIDU, etc.
Even all of the smaller, less well-known companies are rallying. This makes things look much more bullish.