Stock Track | Tiger Brokers Soars 6.91% Amid Rising Optimism for Chinese Tech Stocks

Stock Track

02-07

Shares of Tiger Brokers (TIGR) surged 6.91% in the pre-market trading session on Friday, outperforming the broader market amidst growing optimism for Chinese technology and internet companies.

The rally in Tiger Brokers' stock was part of a broader surge in Chinese American Depositary Receipts (ADRs) and exchange-traded funds (ETFs). Companies like iQiyi (IQ) and Li Auto (LI) saw their stocks soar over 7%, while the YINN China Internet ETF gained around 4%. Tech giants Alibaba (BABA) and Pinduoduo (PDD) also rose approximately 2% each.

Investor sentiment towards Chinese tech stocks has improved following news that the US Postal Service will resume accepting inbound mail and packages from China and Hong Kong. Additionally, the recent success of Chinese AI start-up DeepSeek has prompted a reassessment of valuations for the nation's technology companies, which currently trade at roughly half the valuation of major US tech giants.

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