U.S.-listed China stocks pick up momentum after a bruising 2021 – Reuters
- Date: 14-Jan-2022
- Source: Reuters
- Sector:Economy
- Country:Middle East
U.S.-listed China stocks pick up momentum after a bruising 2021 – Reuters
Jan 14 (Reuters) - U.S.-listed China shares rose before the opening bell on Friday, enjoying a robust rally at the start of the year as fewer jarring regulatory headlines from Beijing spurred investors to pick up battered names including Alibaba, JD.com and Baidu.
E-commerce giant Alibaba rose 0.5%, adding to a 17% jump over the past 11 trading days. Analysts this week said retail investors have been strong buyers of the tech giant's shares.
China-based e-commerce company JD.com Inc advanced 2.6%, looking to wrap up its best weekly performance in nine weeks.