Chinese ADRs Jump After Trump and China’s Xi Hold Phone Call
U.S. President-elect Donald Trump on Friday said he discussed trade, fentanyl and Tiktok with Chinese President Xi Jinping, saying their phone call "was a very good one for both China and the U.S.A."Chinese ADRs jumped in morning trading. YINN rose 6%; JD.com rose 9%; Tencent Music, Bilibili, iQiyi, and PDD Holdings rose 4%; Trip.com, Li Auto, and NIO rose 3%; Alibaba rose 2%.