US Stocks: Futures rebound as China ADRs rally; growth stocks rise

US Stocks: Futures rebound as China ADRs rally; growth stocks rise

Didi - which was hit by a cybersecurity investigation days after its initial public offering in June 2021 - won shareholder approval for a U.S. stock delisting last month.

Full Truck Alliance and Kanzhun Ltd, whose apps will also be restored, climbed 22.9% and 20.6%, respectively. Shares of JD.com Inc, Baidu and Alibaba Group, targets of China's crackdown on its internet sector, advanced between 5.6% and 6.2%.

The upbeat mood was also underpinned by signs of Beijing and Shanghai returning to normal life after China's biggest COVID-19 outbreak in two years.

"Expectation of a slightly more generous working environment for tech in China is lifting sentiment. It is a symbol of Beijing wanting to try and stimulate the economy," said Susannah Streeter, senior investment and market analyst at Hargreaves Lansdown.

"However, concerns about inflation are not going away. Oil prices are climbing higher yet again and there are concerns that the Fed (Federal Reserve) will be more aggressive in its measures to try and rein in inflation because the labor market is so buoyant."

U.S. stock indexes logged weekly losses on Friday as elevated crude prices as well as a solid jobs report quashed hopes of a pause in the Fed's aggressive policy-tightening plan to