Why Alibaba, Baidu And Other Tech Stocks Are Rebounding In Hong Kong Today

Why Is It Moving? The Hang Seng Index was up 0.2% at the time of writing — rising after two straight days of losses — amid optimism about further policy easing by Beijing. Nevertheless, investors remained cautious as they looked ahead to the conclusion of the Federal Reserve’s highly anticipated monetary policy meeting later today. While the Fed is likely to leave interest rates unchanged, the accompanying statement could indicate the first rate hike as soon as March.

What’s Moving: U.S.-listed Chinese tech companies traded mostly higher.

$Baidu (BIDU.US)$ – up 1.9%
$JD.com (JD.US)$ –up 1.4%
$Tencent (TCEHY.US)$ – up 0.8%
$Alibaba (BABA.US)$ – up 0.3%
$Li Auto (LI.US)$ - down 3.3%
$XPeng (XPEV.US)$ - down 1.8%