Advertisement
Canada markets open in 4 hours 18 minutes

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7313
    +0.0015 (+0.21%)
     

  • CRUDE OIL

    82.88
    +0.07 (+0.08%)
     

  • Bitcoin CAD

    87,644.90
    -3,140.80 (-3.46%)
     

  • CMC Crypto 200

    1,358.88
    -23.69 (-1.71%)
     

  • GOLD FUTURES

    2,339.40
    +1.00 (+0.04%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,496.25
    -168.25 (-0.95%)
     

  • VOLATILITY

    16.19
    +0.22 (+1.38%)
     

  • FTSE

    8,096.86
    +56.48 (+0.70%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6816
    -0.0003 (-0.04%)
     

Why Tencent Music, iQiyi, Baidu, and Other Chinese Stocks Surged on Thursday

Danny Vena, The Motley Fool
·3 min read
Why Tencent Music, iQiyi, Baidu, and Other Chinese Stocks Surged on Thursday

Shares of a large number of Chinese consumer goods stocks were soaring on Thursday. Streaming video leader iQiyi (NASDAQ: IQ) was up 17.4%, online music titan Tencent Music Entertainment Group (NYSE: TME) gained as much as 15.7%, online entertainment platform DouYu International (NASDAQ: DOYU) climbed as much as 15.6%, and search giant Baidu (NASDAQ: BIDU) jumped 10.8%. The catalyst that sent these consumer-facing Chinese stocks surging was comments made by government regulatory agencies regarding plans to boost the most populous nation's economy.

Continue reading