Chinese Companies Rose On Monday

Benzinga
Benzinga
  • last year
Shares of Chinese companies listed in the U.S. rose on Monday after China eased Covid restrictions to reopen the economy. The Invesco Golden Dragon China ETF, which tracks the Nasdaq Golden Dragon China Index, rallied nearly 6% in premarket trading. E-commerce company Alibaba ($BABA@China) rose 4.3 percent, and Tencent Music Entertainment ($TME@China) rose 3.9 percent. Chinese electric vehicle companies Nio ($NIO@China) and XPeng ($XPEV@Chian) rallied 6% and 12%, respectively.

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