Stock Track | JOYY Inc. Soars 5.24% in Pre-Market Trading Amid Optimism Over U.S.-China Relations

Stock Track01-21

JOYY Inc. (YY), a Chinese tech company, witnessed a significant pre-market surge of 5.24% on Tuesday. This rally can be attributed to the growing optimism surrounding the improving relations between the United States and China.

President Trump's recent inauguration address struck a conciliatory tone towards China, a stark contrast from his previous rhetoric, which had been highly critical of the Asian nation. This change in stance has fueled hopes of a more amicable trade relationship between the two economic superpowers, boosting investor sentiment towards Chinese stocks listed on U.S. exchanges.

JOYY Inc., along with other prominent Chinese companies like XPeng Inc., Li Auto, JD.com, and Alibaba, experienced substantial gains in pre-market trading. This collective rally highlights the positive impact that improving U.S.-China relations can have on Chinese companies operating globally.

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