Stock market: Chinese tech stocks climbing as markets rally

Global markets are in rally mode after two days of
aggressive selling.
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Images

• Global markets are in rally mode after two days of
  aggressive selling. 
• President Donald Trump and Chinese
  President Xi Jinping could meet in November at a
  multinational summit to discuss trade issues, The Wall Street
  Journal reported.
• As a result, Chinese tech stocks are climbing across
  the board.
• Watch Alibaba Baidu.com JD.com Nio iQiyi Bilibili Huya Pinduoduo trade in real
  time here.

Chinese tech stocks traded in the US are gaining Friday after an
overnight global markets rally and on signals
that President Donald Trump and Chinese leader Xi
Jinping could meet in November to discuss trade issues.

Overnight, Hong Kong’s Hang Seng (+2.12%) paced the advance
in Asia and Britain’s FTSE (+0.69%) was out front in Europe,
paving the way for a strong start to the US session.

According to The
Wall Street Journal, the White House recently informed
Beijing that it has decided to move ahead with plans for the
two leaders to meet at the Group of 20 leaders’ summit in
Buenos Aires at the end of November. China has been hoping the
encounter could provide an opportunity for both sides to
ease the escalating trade tensions, the WSJ said
citing officials from both nations.

Those developments have been a tailwind on Friday for
Chinese tech names traded in the US. Here’s the
scoreboard:

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