JOYY Inc.'s stock soared 6.17% in intraday trading on Thursday, outperforming the broader market amid a rally in Chinese tech stocks driven by impressive earnings results from industry leaders.
The surge in JOYY's shares was fueled by the positive sentiment surrounding Chinese tech giants Alibaba and Bilibili, which both reported robust earnings that exceeded market expectations. Alibaba's stock jumped 14%, while Bilibili saw a 16% surge after their respective announcements.
The strong performance of these industry bellwethers lifted investor confidence in the overall Chinese tech sector, prompting a broad-based rally that extended to JOYY and other players in the space. The company's solid fundamentals and growth prospects likely contributed to its appeal among investors seeking exposure to the booming Chinese tech market.
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。