Chinese video streaming platform IQIYI, Inc's (NASDAQ: IQ) extended reality (XR) business showcased the first headset of a new product line, incorporating elements of augmented, virtual, and mixed reality technology.
Gainers
Kala Pharmaceuticals, Inc. (NASDAQ: KALA) shares gained 130.5% to $9.03 after the company announced FDA acceptance of a IND application for its KPI-012 for the treatment of persistent corneal epithelial defect.
U.S. stock futures traded slightly higher this morning. Here are some big stocks recording losses in today’s pre-market trading session.
iQIYI, Inc. (NASDAQ: IQ) shares dipped 14.1% to $3.31 in pre-market trading after gaining over 9% on Tuesday.
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.