Bilibili (09626.HK) stock surged 5.52% in early trading on Thursday, riding the wave of a broader rally in Hong Kong tech stocks. The jump comes as investors react positively to news of a temporary easing in U.S. trade tensions, particularly affecting Chinese companies.
The surge in Bilibili's stock price aligns with the overall upward trend in the Hong Kong market, with the Hang Seng Tech Index rising 4% at the open. This bullish sentiment was triggered by U.S. President Trump's announcement of a 90-day pause on certain reciprocal tariffs, although duties on China were raised to 125%. Despite the increased tariffs on China, the market appears to be focusing on the potential for eased trade tensions in the near future.
Bilibili's strong performance is part of a broader trend among Chinese tech companies listed in both Hong Kong and the U.S. Other major players in the sector, including Alibaba, Tencent, and JD.com, also saw significant gains. This collective rise suggests a renewed investor confidence in Chinese tech stocks, with Bilibili standing out as one of the top performers in the pre-market session with a reported 5.9% increase.
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