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What’s Going On With Chinese Stocks Today?

US-listed Chinese stocks gained today amid reopening hopes, with shares of the iShares China Large-Cap ETF (ARCA: FXI) gaining 3.26% in Friday's session. Recent unrest in China due to the country's zero-COVID policy has led to less strict quarantine requirements, with China reportedly allowing home quarantine for some COVID-positive individuals. 
byBenzinga Newsdesk
December 2, 2022
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US-listed Chinese stocks gained today amid reopening hopes, with shares of the iShares China Large-Cap ETF (NYSE:FXI) gaining 3.26% in Friday’s session.

Recent unrest in China due to the country’s zero-COVID policy has led to less strict quarantine requirements, with China reportedly allowing home quarantine for some COVID-positive individuals. 

Pushback against strict COVID restrictions has also led China to ramp up efforts to vaccinate older citizens in the hopes it could curb the need for further lockdowns. 

Notable movers include:

  • Alibaba Group Holding (NYSE:BABA)
  • GDS Holdings (NASDAQ:GDS)
  • XPEV Holdings (NYSE:XPEV)
  • Bilibili Holdings (NASDAQ:BILI)
  • iQIYI (NASDAQ:IQ)
 
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