Why Shares of Alibaba, PDD, and Zai Lab Are Rising Today

Shares of several Chinese stocks moved higher today on Wall Street bullishness and after more positive comments made by President Joe Biden recently on U.S.-China relations.

Shares of the large tech conglomerate Alibaba Group (NYSE: BABA) traded more than 3% higher as of 10:50 a.m. ET today.

Meanwhile, shares of the online agricultural e-commerce company PDD (NASDAQ: PDD) traded nearly 5.5% higher, while shares of the Chinese biopharmaceutical company Zai Lab (NASDAQ: ZLAB) were up more than 8%.

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Source Fool.com