U.S.-listed China stocks pick up momentum after a bruising 2021 – Reuters

U.S.-listed China stocks pick up momentum after a bruising 2021 – Reuters

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Middle East
  • Date: 14-Jan-2022
  • Source: Reuters
  • Sector: Economy
  • Country: Middle East
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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.

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