Shares of Chinese stocks are trading higher ahead of US Treasury Secretary Yellen's upcoming China visit. Additionally, strong vehicle delivery numbers have lifted the EV sector.
Portfolio Pulse from Benzinga Newsdesk
Chinese stocks are trading higher in anticipation of US Treasury Secretary Yellen's upcoming visit to China. The electric vehicle (EV) sector is also seeing a boost due to strong vehicle delivery numbers.
July 03, 2023 | 1:05 pm
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POSITIVE IMPACT
Alibaba's stock is likely benefiting from the overall positive sentiment towards Chinese stocks.
As a major Chinese company, Alibaba's stock is likely to be influenced by general market sentiment towards Chinese stocks.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Baidu's stock is likely benefiting from the overall positive sentiment towards Chinese stocks.
As a major Chinese company, Baidu's stock is likely to be influenced by general market sentiment towards Chinese stocks.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
JD.com's stock is likely benefiting from the overall positive sentiment towards Chinese stocks.
As a major Chinese company, JD.com's stock is likely to be influenced by general market sentiment towards Chinese stocks.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50