Chinese ADRs & ETFs Jump. YINN up 4%; JD.com up 3%; XPeng, PDD Holdings, iQiyi up over 2%.

Tiger Newspress01-24 22:37

Chinese ADRs & ETFs rose on Friday amid signs that President Donald Trump is dialing back threats of slapping higher tariffs on exports there.

YINN up 4%; JD.com up 3%; XPeng, PDD Holdings, Tiger Brokers, iQiyi up over 2%.

President Donald Trump expressed a reluctance to impose tariffs on China during a television interview, suggesting a trade war between the world’s largest economies could be avoided.

“We have one very big power over China, and that’s tariffs, and they don’t want them,” the US leader told Fox News in an interview that aired Thursday in the US. “And I’d rather not have to use it. But it’s a tremendous power over China.”

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