Alibaba, JD.com and other Chinese stocks are flying amid lively rule rumors

Shares of Chinese companies rose on Tuesday amid renewed optimism over the country’s easing of strict Covid-19 measures that have slowed growth in the world’s second-largest economy. gender.

From Hong Kong

Hang Seng Index

up 5.2% on Tuesday, led by

Hang Seng Technology Index

up 7.8%. New York-listed Chinese tech stocks also surged, with

Alibaba

(ticker: BABA) up 6% in money markets and peer-to-peer e-commerce

JD.com

(JD) is 7% higher.

Baidu

(BIDU) increased by 6% and

Pinduoduo

(PDD) increased by 8%.