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MARKETS LIVE BLOG:

STOCKS OPEN MIXED AFTER ISRAEL STRIKE-FUELLED TUMBLE

Shares of Netflix, the first of the megacap techs to report, slide in early trading

Why Shares of Baidu, XPeng, and RLX Technology Are Rising This Week

Bram Berkowitz, The Motley Fool
·3 min read
Why Shares of Baidu, XPeng, and RLX Technology Are Rising This Week

Shares of Chinese stocks rallied this week as the Chinese government took steps that showed it is adopting a more lenient regulatory approach and trying to boost economic growth after what was a difficult year in 2022. For the week, shares of the large Chinese search engine and artificial intelligence company Baidu (NASDAQ: BIDU) traded more than 15% higher as of 12:47 p.m. ET Thursday, according to data from S&P Global Market Intelligence. Meanwhile, shares of the Chinese electric carmaker XPeng (NYSE: XPEV) are trading roughly 20% higher, and shares of the Chinese vaping company RLX Technology (NYSE: RLX) were up 17%.

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