XL2CSOPHSTECH's stock surged 7.3% on Tuesday, outperforming the broader market as Chinese ADRs and ETFs experienced a significant rally during overnight trading.
The rise in XL2CSOPHSTECH's share price was fueled by a broader bullish sentiment towards Chinese stocks, with the China A50 Index Futures climbing 2.2% and the CWEB ETF, which tracks Chinese internet stocks, jumping over 6%.
Other Chinese companies listed in the US also saw substantial gains, with electric vehicle maker XPeng Motors rising 8%, e-commerce giant JD.com advancing 5%, and tech titan Alibaba climbing 2%. Property listing platform FangDD was among the top performers, soaring an impressive 19%.
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