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BABA, PDD, BIDU, DIDI: Why Are Chinese Stocks Up Today?

June 7, 2022
Source: investorplace.com investorplace.com
News Snapshot:
Chinese stocks Alibaba (NYSE: BABA ), Pinduoduo (NASDAQ: PDD ) and Baidu (NASDAQ: BIDU ) are climbing today, likely due to a number of factors. These include a lift on certain Covid-19 restrictions in Beijing and a possible suspension of U.S. tariffs for Chinese goods. Wall Street may also be viewing these stocks more positively after some good news for Didi Global (NYSE: DIDI ). Recent reports say the Chinese government will allow the beleaguered ridesharing company to resume accepting new customers. Now, investors seem less worried about the impact of China’s policies on its companies. Here’s what investors should...
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