Chinese ADRs Jump After Trump and China’s Xi Hold Phone Call

Tiger Newspress

01-17

US President-elect Donald Trump and Chinese President Xi Jinping discussed trade, TikTok and fentanyl on Friday in a pre-inauguration conversation that could set the tone for relations between the world’s two largest economies and main geopolitical rivals.

“The call was a very good one for both China and the U.S.A.,” Trump wrote in a post to his Truth Social platform. “President Xi and I will do everything possible to make the World more peaceful and safe!”

Chinese ADRs jumped in morning trading. YINN rose 8%; JD.com rose 10%; Tencent Music, PDD Holdings, iQiyi, and Bilibili rose 6%; Weibo rose 5%; Li Auto and NIO rose 4%; Alibaba and Baidu rose 3%; XPeng rose 2%.

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