Shares of US-listed Chinese stocks are trading higher amid US Commerce Secretary Raimondo's visit to China. Chinese authorities took measures to boost investor confidence including a cut to taxes on stock trading.
Portfolio Pulse from Benzinga Newsdesk
US-listed Chinese stocks are trading higher amid US Commerce Secretary Raimondo's visit to China. Stocks mentioned include BABA, BGNE, FUTU, HTHT, HUYA, NTES, TME, WB, YMM.
August 28, 2023 | 2:26 pm
News sentiment analysis
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POSITIVE IMPACT
Alibaba's stock (BABA) is trading higher amid US Commerce Secretary's visit to China.
The visit of the US Commerce Secretary to China is seen as a positive sign for US-China relations, which could benefit Alibaba and other Chinese companies listed in the US.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
BeiGene's stock (BGNE) is trading higher amid US Commerce Secretary's visit to China.
The visit of the US Commerce Secretary to China is seen as a positive sign for US-China relations, which could benefit BeiGene and other Chinese companies listed in the US.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Futu Holdings' stock (FUTU) is trading higher amid US Commerce Secretary's visit to China.
The visit of the US Commerce Secretary to China is seen as a positive sign for US-China relations, which could benefit Futu Holdings and other Chinese companies listed in the US.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Huazhu Group's stock (HTHT) is trading higher amid US Commerce Secretary's visit to China.
The visit of the US Commerce Secretary to China is seen as a positive sign for US-China relations, which could benefit Huazhu Group and other Chinese companies listed in the US.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
HUYA Inc.'s stock (HUYA) is trading higher amid US Commerce Secretary's visit to China.
The visit of the US Commerce Secretary to China is seen as a positive sign for US-China relations, which could benefit HUYA Inc. and other Chinese companies listed in the US.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
NetEase's stock (NTES) is trading higher amid US Commerce Secretary's visit to China.
The visit of the US Commerce Secretary to China is seen as a positive sign for US-China relations, which could benefit NetEase and other Chinese companies listed in the US.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Tencent Music's stock (TME) is trading higher amid US Commerce Secretary's visit to China.
The visit of the US Commerce Secretary to China is seen as a positive sign for US-China relations, which could benefit Tencent Music and other Chinese companies listed in the US.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Weibo's stock (WB) is trading higher amid US Commerce Secretary's visit to China.
The visit of the US Commerce Secretary to China is seen as a positive sign for US-China relations, which could benefit Weibo and other Chinese companies listed in the US.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Full Truck Alliance's stock (YMM) is trading higher amid US Commerce Secretary's visit to China.
The visit of the US Commerce Secretary to China is seen as a positive sign for US-China relations, which could benefit Full Truck Alliance and other Chinese companies listed in the US.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100