24H | Chinese ADRs Rise Against the Trend; Alibaba Gains 4%; NIO Jumps 11%

Tiger Newspress

11 Mar

Chinese ADRs rose against the trend in overnight trading. YINN rose 5%; NIO rose 11%; XPeng and KE Holdings rose 7%; Bilibili rose 6%; Li Auto rose 5%; Alibaba rose 4%; Baidu, NetEase, and Trip.com rose 2%; Tencent Music rose 1%.

Citigroup Inc. downgraded US equities to neutral from overweight while upgrading China to overweight, saying that US exceptionalism is at least on pause.

The US investment bank had been overweight American stocks since October 2023, but the hiatus in their ability to outperform has become more obvious, Dirk Willer, the firm’s global head of macro research and asset allocation, wrote in a note.

Meanwhile, he said, Chinese stocks look attractive even after their recent rally, given DeepSeek’s artificial-intelligence technology breakthrough, the government’s support for the tech sector and still-cheap valuations.

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YINN rose 5%; NIO rose 11%; XPeng and KE Holdings rose 7%; Bilibili rose 6%; Li Auto rose 5%; Alibaba rose 4%; Baidu, NetEase, and Trip.com rose 2%; Tencent Music rose 1%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0f35d3b0a83d46c87820419a5c072d23\" title=\"\" tg-width=\"757\" tg-height=\"597\"/></p><p>Citigroup Inc. downgraded US equities to neutral from overweight while upgrading China to overweight, saying that US exceptionalism is at least on pause.</p><p style=\"text-align: start;\">The US investment bank had been overweight American stocks since October 2023, but the hiatus in their ability to outperform has become more obvious, Dirk Willer, the firm’s global head of macro research and asset allocation, wrote in a note.</p><p style=\"text-align: start;\">Meanwhile, he said, Chinese stocks look attractive even after their recent rally, given DeepSeek’s artificial-intelligence technology breakthrough, the government’s support for the tech sector and still-cheap valuations.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>24H | Chinese ADRs Rise Against the Trend; Alibaba Gains 4%; NIO Jumps 11%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n24H | Chinese ADRs Rise Against the Trend; Alibaba Gains 4%; NIO Jumps 11%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-03-11 10:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Chinese ADRs rose against the trend in overnight trading. 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YINN rose 5%; NIO rose 11%; XPeng and KE Holdings rose 7%; Bilibili rose 6%; Li Auto rose 5%; Alibaba rose 4%; Baidu, NetEase, and Trip.com rose 2%; Tencent Music rose 1%.Citigroup Inc. downgraded US equities to neutral from overweight while upgrading China to overweight, saying that US exceptionalism is at least on pause.The US investment bank had been overweight American stocks since October 2023, but the hiatus in their ability to outperform has become more obvious, Dirk Willer, the firm’s global head of macro research and asset allocation, wrote in a note.Meanwhile, he said, Chinese stocks look attractive even after their recent rally, given DeepSeek’s artificial-intelligence technology breakthrough, the government’s support for the tech sector and still-cheap valuations.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}