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Benzinga
Benzinga
Business
Anusuya Lahiri

What's Going On With US Listed Chinese Stocks Alibaba, JD, Nio, Li, XPeng On Wednesday?

Li BABA JD NIO United States BIDU XPEV

U.S.-listed Chinese stocks Alibaba Group Holding. (NYSE: BABA), JD.com, Inc. (NASDAQ: JD), Baidu, Inc. (NASDAQ: BIDU), NIO Inc. (NYSE: NIO), Li Auto Inc. (NASDAQ: LI), and XPeng Inc. (NYSE: XPEV) are trading higher Wednesday following a Bloomberg report indicating additional Chinese fiscal stimulus after a key economic meeting in December.

Additionally, China’s industrial profits showed signs of recovery in October, as stimulus measures introduced by Beijing helped reduce the pace of declines. Industrial profits fell 10% year-over-year last month, improving from the 27.1% drop reported in September, the Wall Street Journal reports.

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