LexinFintech Holdings Ltd. (NYSE: LX) saw its stock price soar by 13.54% in pre-market trading on Monday, as Asian equities traded in the US as American Depositary Receipts (ADRs) experienced a significant uptick. The Chinese fintech firm's shares were among the top performers in a broadly positive session for Asian stocks listed on US exchanges.
The surge in LexinFintech's stock price comes amid a general rally in Asian ADRs, with the S&P Asia 50 ADR Index climbing 3.4% to 2,226.7 on Monday morning. This upward momentum is largely attributed to investors welcoming the latest developments in US-China trade talks, which have sparked optimism across Asian markets.
LexinFintech stood out as one of the leading gainers among North Asian stocks, with its shares rising over 11% according to early reports. The company's strong performance placed it alongside other notable risers such as VNET Group and Canaan, which saw gains of more than 20% and 14% respectively. This positive trend in Asian ADRs, particularly in the technology and financial sectors, reflects growing investor confidence in these markets as trade relations between the US and China show signs of improvement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.