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China tech names rally in morning trading

Tiger Newspress2021-10-07

(Oct 7) China tech names rally in morning trading.

Chinese technology stocks listed in the U.S. are signaling a third day of gains in moring trading after peers in Asia rallied on improved risk appetite.

Shares in Pinduoduo Inc. rose 4.6% as of 9:44 a.m. in New York, while Alibaba Group Holding Ltd. climbed 5.67%. Other technology shares including Baidu Inc., Bilibili Inc. and DiDi Global Inc. were among American depositary receipts rising.

Chinese technology stocks rebounded from a record low in Hong Kong on Thursday amid signs of renewed interest in one of China’s biggest tech names. Charlie Munger’s Daily Journal Corp. was reported to have increased its Alibaba stake by 83% last quarter.

The Nasdaq Golden Dragon China Index -- which tracks several firms listed in the U.S. that conduct a majority of their business in China -- has also climbed for the past two days. Yet despite this week’s brief respite, the gauge remains deeply in the red year-to-date, having fallen 35%.

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评论91

  • bernardtayet
    ·2021-10-08
    Tech stock is rallying again. Hope it can last 
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  • ming22
    ·2021-10-08
    Hooray, go go go 🚀 
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  • AlvinCWC
    ·2021-10-08
    Strong rebound! Hopefully it lasts 
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  • lih
    ·2021-10-08
    Like
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  • Sphere
    ·2021-10-08
    Turn the tide!
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    • Sphere
      Lets go!
      2021-10-08
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  • CPCat
    ·2021-10-08
    Hope this is the start of a rally. Is your warchest ready?
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  • TinPLJ
    ·2021-10-08
    It's time. 
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  • Gaga71
    ·2021-10-08
    Positive impact of China national day holiday 
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    • kino318
      yes
      2021-10-08
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  • Jac_jk
    ·2021-10-08
    Keep this momentum for Chinese stock, we need aturnaround from now 
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    • WangZhai
      keep the momentum
      2021-10-08
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    • FIREWORKS
      Yes, it is the time
      2021-10-08
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  • UTOtrader
    ·2021-10-08
    Hohoho[得意] 
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  • JcJc
    ·2021-10-08
    Tell me your opinion about this news...
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  • KYLeong
    ·2021-10-08
    Great to see
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  • RajeshY
    ·2021-10-08
    Great
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  • newwen
    ·2021-10-08
    Up
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    • newwen
      up
      2021-10-08
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    • newwen
      hihi
      2021-10-08
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    • newwen
      ☺️😴👌
      2021-10-08
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  • Gackky
    ·2021-10-08
    a life cycle.. up and down
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  • andrew123
    ·2021-10-08
    After big drop comes rebounce
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  • Dazz
    ·2021-10-08
    Come on 9988!
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  • replaygoh
    ·2021-10-08
    the sunshine before a perfect storm
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  • 老Uncle
    ·2021-10-08
    Bit by bit? hug hug?
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    • 滚股怪
      Good
      2021-10-08
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    • Thomas1027
      🚀
      2021-10-08
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    • zackf
      🚀
      2021-10-08
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