creator: Belinda Zhou
Main benchmarks within the U.S. and mainland China have been in inexperienced territory on Tuesday after White Home advisor clarified his feedback on the U.S.-China commerce deal additional backed by a presidential Tweet saying that the deal stays in place.
On the affirmation that Section 1 of the commerce settlement was totally intact, some Chinese language U.S. listed corporations posted strong positive factors.
Shares of Fuwei Movies (Holdings) Co., Ltd. (Nasdaq: FFHL) hit a seven-year excessive Tuesday after it reported sturdy gross sales within the first quarter, closing at $6.56 per share, up 40%.
The Beijing-based maker of biaxial oriented stretch method plastic movies reported internet revenue of $1.83 million, turning worthwhile within the first quarter.
For the Fintech issue, on-line shopper finance market Yiren Digital Ltd. (Nasdaq: YRD) noticed its stock leap over 17% to $5.18 per share.
The stock price of Futu Holdings Ltd. (Nasdaq: FUTU) jumped 8% on Tuesday to $24.31 per share. The Hong Kong-based firm operates digitized brokerage and wealth administration platform for buying and selling in Hong Kong, China, and the US.
The power sector carried out properly on Tuesday.
Daqo New Power Corp. (NYSE: DQ) soared 14% to $68.81 per share. The Wanzhou-based power large manufactures and sells polysilicon to photovoltaic product manufactures in China.
One other Chinese language power participant, JinkoSolar Holding Co. Ltd. (NYSE: JKS), gained 8% to $16.90 per share.
For the high-tech sector, shares in WiMi Hologram Cloud Inc. (Nasdaq: WIMI), an AR hologram platform operator, jumped 4% to $3.62 per share as the corporate introduced its foray into chipmaking.
Kingsoft Cloud Holdings Ltd. (Nasdaq: KC) gained 15%, closing at $30.79 per share. The corporate provides public cloud companies to prospects and a subsidiary of Hong Kong-listed Kingsoft Company Ltd.
E-commerce gamers loved a fruitful Tuesday. Alibaba Group (NYSE: BABA) loved a 3% leap to $228.78 per ADS. Shares in Baozun Inc. (Nasdaq: BZUN) jumped 6% to $40.04 per share.
Scandal-ridden Luckin Espresso Inc. (Nasdaq: LK) fell 12% on Tuesday, closing at $2.79 per share. The corporate has misplaced 93% of its market value since early 2020. The corporate disclosed that it obtained an extra delisting discover from the Nasdaq for failing to file its annual report.
Beijing-based Wins Finance Holdings Inc. (Nasdaq: WINS) dropped 16% to $19.66 per share. The corporate provides monetary ensures, in addition to monetary leasing, advisory, consultancy, and company companies in Jinzhong Metropolis, Shanxi Province, and Beijing.
Shares in China Automotive Programs Inc. (Nasdaq: CAAS) declined 5% on slowed gross sales, closing at $2.97 per share on Tuesday. Its internet loss hit $488,000 within the first quarter and its gross sales within the legacy hydraulic merchandise shrunk in China.
The stock price of HUYA Inc. (NYSE: HUYA) declined 5% on Tuesday to $18.51 per share. The Guangzhou-based recreation stay streaming platform is a subsidiary of China’s leisure large Tencent Holdings Ltd.
The Dow Jones Industrial Common gained over 131 factors, or 0.5%, to 26,156. The S&P 500 gained 0.43% to three,131, whereas the Nasdaq Composite was up 0.74% to 10,131.
The Cling Seng Index in Hong Kong was at 24,907, up 1.62%. The Shanghai Composite jumped 0.18% to 2,971 and the Shenzhen Composite up 0.78% to 11,794.