iQiyi Inc. (IQ) stock soared 6.28% in pre-market trading on Wednesday, November 27th, as part of a broader rally in Chinese stocks and American Depositary Receipts (ADRs) on renewed investor optimism around potential economic stimulus measures from Beijing.
The surge was fueled by data showing a less sharp decline in industrial profits in October compared to September, as well as expectations that China's policymakers would implement further stimulus packages to counter risks from potential U.S. tariffs and shore up the slowing economy.
Traders are betting that Beijing will roll out supportive policies to offset the impact of possible tariff hikes threatened by the incoming U.S. administration. The rally saw several major Chinese companies gain, with JD.com and CHAU rising over 4%, Li Auto, XPeng, and NIO advancing more than 3%, and Alibaba and PDD gaining over 2%.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。