Chinese stocks have seen a broad-based rally in US pre-market trading. At the time of writing, NIO has surged more than 4%, Baidu has gained over 2%, and iQIYI has advanced by 5%.
Furthermore, Alibaba, Pinduoduo, Bilibili, Weibo, and Xpeng Motors have all recorded increases of more than 1%. JD.com rose 0.8%, while Li Auto climbed 0.36%.