24H|Chinese ADRs Buoyed by Trump's China Comments
Chinese ADRs rose in overnight trading, amid signs that President Donald Trump is dialing back threats of slapping higher tariffs on exports there. XPeng and NetEase rose 3%; NIO, JD.com, iQiyi, Bilibili, and Trip.com rose 2%; PDD Holdings and Baidu rose 1%; Li Auto rose 0.9%; Alibaba rose 0.5%.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