China ADRs & ETFs rose. iQiyi Inc., Li Auto up over 7%; Tiger Brokers up 5%; YINN up 4%; Alibaba, PDD Holdings up about 2%.
The US Postal Service said it’s accepting “all international inbound mail and packages” from China and Hong Kong, walking back an announcement made earlier to halt some overseas shipments.
Additionally, The success of Chinese artificial intelligence (AI) start-up DeepSeek is prompting investors to reassess the nation’s technology companies that trade at half of the valuation of the ‘Magnificent Seven’ US tech giants.
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