JD.com leads rebound in U.S.-listed Chinese stocks

17 Education and Technology

24/08/2021 14:04

** U.S.-listed Chinese stocks gain in premarket trading
after Hong Kong's Hang Seng tech index  .HSTECH  rallies 7% on
bargain hunting after regulatory worries pummeled the sector
earlier in August  urn:newsml:reuters.com:*:nAZN181N00
    ** U.S.-listed shares of Chinese online retail giant JD.com
 JD.O  surge 8% after the co says it does not expect any
business impact from Beijing regulatory clampdown; co also adds
record new users  urn:newsml:reuters.com:*:nL4N2PU2HH
    ** Shares in Tencent Music  TME.N  up 5.3% after Tencent
Holdings  0700.HK  buy back shares  urn:newsml:reuters.com:*:nL1N2PV07M
    ** Tencent-backed companies including online brokerage Futu
Holdings  FUTU.O , Nio Inc  NIO.N  and Huya Inc  HUYA.K  up
between 2.5% and 6%
    ** Alibaba Group  BABA.K  up 4.7%, set to bounce from a
two-year low hit in the previous session
    ** Other internet cos Baidu  BIDU.O , NetEase  NTES.O ,
Bilibili  BILI.O  up between 3.4% and 6.8% 

 (Reporting by Sruthi Shankar)
 ((sruthi.shankar@thomsonreuters.com;))