Why Dada Nexus And Weibo Shares Are Trading Higher

Dada Nexus Ltd - ADR DADA and Weibo Corp WB shares are trading higher Tuesday afternoon. Shares of Chinese companies are trading higher after China announced it will end quarantine requirements for international travelers from January 8.

What's Happening?

China will strike the final blow to its COVID-19 restrictions at the beginning of next year, for both citizens of the country and those traveling to the mainland. The decision is the mainland’s last step in shedding three years of zero-COVID and pivoting to living with the virus.

China will reopen borders and abandon quarantine after it downgrades its treatment of COVID on January 8...Read More

According to data from Benzinga Pro:

• DADA is trading higher by 10.63% to $6.97
• WB is trading higher by 9.69% to $19.66