Alibaba, JD.com, and Other Chinese Tech Stocks Are Soaring. Here’s Why—and Who to Thank.

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https://www.barrons.com/articles/alibaba-jd-chinese-tech-stocks-federal-reserve-jerome-powell-51641988280

Updated Jan. 12, 2022 7:27 americium ET / Original Jan. 12, 2022 6:51 americium ET

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Chinese tech stocks are soaring. Many person been looking inexpensive of late, and soothing words from Federal Reserve Chair Jerome Powell lone fueled the dip-buying fire.

U.S.-listed shares of Alibaba (ticker: BABA) roseate 3% Tuesday and were gaining different 3% successful Wednesday’s premarket trading. Fellow Chinese tech elephantine JD.com (JD) rallied 10.3% Tuesday and the banal roseate 2% earlier U.S. markets opened.

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