Shares of US-listed Chinese stocks are trading higher amid the start of the Labor Day Golden Week. Wednesday's Fed decision and strong deliveries from EV makers may also be lifting Chinese stocks on Thursday.
Portfolio Pulse from Benzinga Newsdesk
US-listed Chinese stocks are experiencing an uptick in trading, attributed to the commencement of the Labor Day Golden Week, recent Federal Reserve decisions, and robust delivery reports from electric vehicle (EV) manufacturers.

May 02, 2024 | 2:22 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Alibaba's stock is likely benefiting from the positive sentiment surrounding the Labor Day Golden Week and strong EV deliveries, alongside recent Fed decisions.
Alibaba, being a major Chinese company listed in the US, is likely to see its stock price positively impacted by the general uplift in Chinese stocks due to national holidays, favorable economic policies, and strong performance in the EV sector, which is significant for Alibaba's logistics and e-commerce ecosystem.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
KE Holdings may see its stock price positively influenced by the Labor Day Golden Week and the overall positive sentiment towards Chinese stocks.
As a US-listed Chinese company, KE Holdings stands to benefit from the positive market sentiment driven by national celebrations and the optimistic outlook on Chinese stocks, influenced by recent economic policies and sector performances.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Baidu's shares are likely up due to the positive market sentiment from the Labor Day Golden Week and strong EV sector performance.
Baidu, with its investments in AI and the EV sector, is well-positioned to benefit from the current uplift in Chinese stocks, driven by national holidays and positive developments in the EV market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bilibili's stock is likely benefiting from the general positive sentiment towards Chinese stocks during the Labor Day Golden Week.
Bilibili, as a part of the broader Chinese tech industry, is experiencing a stock price increase likely due to the positive market sentiment generated by the Labor Day Golden Week and favorable economic indicators.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Futu Holdings' stock may be positively impacted by the Labor Day Golden Week and the bullish sentiment towards Chinese stocks.
As a financial services company, Futu Holdings is likely to see its stock price benefit from the overall positive sentiment in the Chinese stock market, buoyed by national celebrations and positive economic developments.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
JD.com's stock is likely on the rise due to the Labor Day Golden Week and positive sentiment from strong EV deliveries and Fed decisions.
JD.com, a major player in the e-commerce and logistics sectors, is likely seeing its stock price increase due to the positive sentiment surrounding the Labor Day Golden Week, favorable economic policies, and the strong performance of the EV sector.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Pinduoduo's stock may be positively influenced by the Labor Day Golden Week, alongside the uplift in Chinese stocks due to Fed decisions and EV sector performance.
Pinduoduo, benefiting from its position in the e-commerce sector, is likely to see a positive impact on its stock price from the general uplift in Chinese stocks, driven by national holidays, favorable economic policies, and strong EV deliveries.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80