Chinese ETFs and ADRs extended gains in overnight trading after the US suspended tariffs on an array of consumer electronics. Alibaba, JD.com, XPeng rose 4%; Li Auto, YINN, Bilibili rose 3%; PDD rose 2%.
The pause on duties includes smartphones, laptops and memory chips, though US President Donald Trump said the exemption was only temporary and that he would come up with separate tariffs on these items.