7/25, 11:25 AM (Source: TeleTrader)
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Chinese firms listed in US rise premarket

Shares of major United States-listed Chinese companies were up in premarket trade in New York on Tuesday after China's Politburo pledged to take tens of new measures to help the country's economy and businesses.

Some of the moves Beijing signaled will include strengthening "reform and opening up," optimizing real estate policies, stimulating capital markets and keeping foreign trade and foreign investment stable.

XPeng Inc. jumped 3.50% at 5:20 am ET and Pinduoduo Inc. advanced 3.46% a minute later. Inc. was 2.14% higher at 5:21 am ET and NIO Inc. moved 2.05% up at 5:23 am ET. Alibaba Group Holding Limited increased by 1.50% at 5:22 am ET and Li Auto Inc. rose by 1.15% at the same time.

Baha Breaking News (BBN) / MS