Stock Track | iQiyi Inc. Soars in Premarket on Optimism Over China's Economic Recovery

Stock Track

2024-11-05

Shares of iQiyi Inc. (NASDAQ: IQ), the popular Chinese video streaming platform, soared in premarket trading on Monday, riding a wave of optimism surrounding China's economic outlook.

The stock surged 5.69% ahead of the market open, tracking gains in Chinese mainland stocks after Premier Li Qiang expressed confidence in an economic recovery. Recent data also showed that China's services activity expanded at the fastest pace in three months in October, further bolstering investor sentiment.

iQiyi's premarket rally was part of a broader upswing in US-listed Chinese companies, with e-commerce giants Alibaba, JD.com, and PDD Holdings gaining 2%-3%. Electric vehicle makers like Li Auto, Nio, and Xpeng also saw significant gains, fueled by the positive economic signals from China.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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Soars in Premarket on Optimism Over China's Economic Recovery\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time smaller\">2024-11-05 19:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Shares of iQiyi Inc. (NASDAQ: IQ), the popular Chinese video streaming platform, soared in premarket trading on Monday, riding a wave of optimism surrounding China's economic outlook.</p>\n<p>The stock surged 5.69% ahead of the market open, tracking gains in Chinese mainland stocks after Premier Li Qiang expressed confidence in an economic recovery. 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