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Why Chinese Stocks Ranging From JD.com to Baozun to XPeng Soared Today Nasdaq

December 31, 2021
Source: nasdaq.com nasdaq.com
News Snapshot:
What happened In what can only be described as a sweeping and indiscriminate rebound, most U.S.-listed stocks of Chinese companies rallied significantly today, bouncing back from a losing streak that had carried many of them to new 52-week lows on Wednesday. Brokerage company Futu Holdings (NASDAQ: FUTU) led the way on Thursday with a gain of 13%, closely followed by video gaming outfit Bilibili (NASDAQ: BILI) and Baozun (NASDAQ: BZUN) . Pinduoduo (NASDAQ: PDD) and XPeng (NYSE: XPEV) saw their stocks jump 10%, while NetEase (NASDAQ: NTES) gained 9%. E-commerce outfit JD.com (NASDAQ: JD) ended the session up a more...
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Tags: author | Bilibili | Bloomberg | capital | China | China International Capital Corporation | Chinese | consumer | consumerism | credit | e-commerce | Economy | electric vehicle | gaming | government | Hong Kong | NetEase | online game | online shopping | Pinduoduo | retail | stock market | stocks | technology | Xpeng

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