Didi surges 12% and leads other Chinese stocks higher as investors eye a bottom for the recent free-fall The slight reprieve for Didi – and for other US-listed Chinese giants – still pales in comparison to this year's tumble amid regulatory pressures. – Didi Global surged as much as 12% on Wednesday, leading a broad rebound of US-listed Chinese stocks as some investors see a bottom for the recent free-fall. – The Invesco Golden Dragon China ETF, which tracks a range of US-listed Chinese equities, rose 4%. The broader Shanghai Composite Index was up just around 1%. – The uptick comes as some analysts and investors are eyeing a bottom to the steep decline in Chinese equities. – [Sign up here for our daily newsletter, 10 Things Before the Opening Bell.] [Didi Global]( ) finished Wednesday 12% higher, leading a broad rebound of US-listed Chinese stocks as some investors see a bottom for the recent free-fall. Other prominent US-listed Chinese companies were lifted on Wednesday as investors mulled the implications of the government regulatory crackdown. [Baidu]( ) finished the day up 6%, [Tencent]( ) 5%, [Alibaba]( ) 4%, and [JD.com]( ) 3%. The Invesco Golden Dragon China ETF, which tracks a range of US-listed Chinese equities, rose 3%. The broader Shanghai Composite Index was climbed roughly 1%. The slight reprieve for Didi – and for other US-listed Chinese giants – still pales in comparison to this year's tumble amid an [escalating regulatory campaign]( ) . Didi is around 34% below its June 30 IPO price, while the Golden Dragon China ETF has given up more than 20% over the same period. Even still, the uptick comes as some analysts and investors are eyeing a bottom to the steep decline in Chinese equities. "We may have seen the near-term bottom of the market, after months of selloffs," Castor Pang, head of research at Core Pacific Yamaichi, told [Bloomberg]( ) recently. "Although investors are still very sensitive about negative regulations, shares managed to bounce back recently despite negative news from time to time." In a note out on Wednesday, JPMorgan analysts pointed out that some of the harshest selling signals had let up. "It appears that after briefly contributing to the sell-off in Chinese equities in late July both domestic and foreign institutional investors … have exhibited buy-the-dip behavior," the analysts wrote. "Retail investors have also behaved in a somewhat contrarian manner." But the JPMorgan team added that there remain significant headwinds in the medium term for Chinese stocks. [Business Insider]