China Stocks in U.S. Rally as Dip Buyers Help Halt Slide

The Nasdaq Golden Dragon China Index climbed as much as 4.7%, its biggest jump since mid-February.

(Bloomberg) — Chinese stocks traded in the U.S. got a much-needed boost as dip buyers helped halt a five-day losing streak after the shares went on a wild ride during the Asia trading day.

American depositary receipts (ADRs) for technology giants JD.com Inc. and NetEase Inc. both rose by more than 3% in early trading Wednesday. Other large-cap China enterprises including Alibaba Group Holdings Ltd., Pinduoduo Inc. and Baidu Inc. were all higher by 1.5% or more. The Nasdaq Golden Dragon China Index climbed as much as 4.7%, its biggest jump since mid-February.