Chinese ADRs jumped in overnight trading. Direxion Daily FTSE China Bull 3X Shares, Kingsoft Cloud, and Alibaba rose 9%; Baidu rose 6%; NetEase and JD.com rose 4%; XPeng, Bilibili, Li Auto, and NIO rose 3%; PDD Holdings rose 2%.
Chinese ADRs jumped in overnight trading. Direxion Daily FTSE China Bull 3X Shares, Kingsoft Cloud, and Alibaba rose 9%; Baidu rose 6%; NetEase and JD.com rose 4%; XPeng, Bilibili, Li Auto, and NIO rose 3%; PDD Holdings rose 2%.
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