Stock Track | RLX Technology Soars 5.09% as Positive Tech Earnings Boost Sector Sentiment

Stock Track

02-20

RLX Technology Inc (RLX) saw its stock price soar 5.09% in intraday trading on Thursday, following a positive sentiment boost for the Chinese tech sector.

The rally in RLX shares was driven by strong earnings releases from major Chinese tech giants, including Alibaba and Bilibili. These impressive results from industry leaders fueled investor optimism and confidence in the overall Chinese tech space, benefiting stocks like RLX Technology.

As positive earnings reports from bellwether companies like Alibaba and Bilibili alleviated concerns over tech valuation and growth prospects, investors piled into other Chinese tech stocks, propelling RLX Technology's shares higher during the trading session.

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