JD.com's stock (09618.HK) surged 5.27% in early trading, riding the wave of a broader rally in Hong Kong tech stocks. The surge comes after US President Trump announced a 90-day pause on reciprocal tariffs, boosting investor confidence in Chinese companies.
The Hang Seng Tech Index jumped 4% at the open, with several major Chinese tech companies seeing significant gains. JD.com's rise was in line with its peers, as Tencent and Alibaba both climbed 4%, while Xiaomi led the pack with a 7% increase.
The positive sentiment was not limited to Hong Kong, as US-listed Chinese stocks also saw upticks in pre-market trading. The KraneShares CSI China Internet ETF, which tracks major Chinese internet companies, was up 3.9%, indicating a broader optimism for the Chinese tech sector.
Analysts suggest that the temporary easing of trade tensions between the US and China is providing a much-needed boost to Chinese tech stocks, which have faced regulatory pressures both domestically and internationally in recent months. However, investors are advised to remain cautious, as the long-term impact of ongoing trade negotiations remains uncertain.
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