Why Baidu, JD.com, NetEase, Li Auto And XPeng Shares Are Rising Today

Shares of several Chinese stocks, including Baidu Inc BIDU, JD.Com Inc JD, NetEase Inc NTES, Li Auto Inc LI and Xpeng Inc - ADR XPEV, are all trading higher after the People's Bank of China cut key lending rates.

Per a Wednesday night report from CNBC, China on Thursday cut its one-year loan prime rate by 10 basis points. The home mortgage rate was also cut by 5 basis points. Following the lending rate cuts, shares of U.S.-listed Chinese tech companies traded mostly higher in Hong Kong on Thursday, lifting the benchmark Hang Seng Index to its highest level in almost two months... Read More

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