BUZZ-China ADRs surge tracking gains in domestic markets on AI strength, Xi's meeting plan

U.S.-listed shares of Chinese companies jump premarket, tracking a bullish rally in domestic Chinese stocks

Tech stocks in China logged their best winning streak in over two years, building on gains since DeepSeek's AI breakthrough re-ignited interest in China's technology capabilities .SS

A report saying the Chinese President plans to chair a symposium attended by domestic business leaders to enhance private sector sentiment also provided a boost

In the U.S., e-commerce firms Alibaba Group Holding BABA.N up 6.1%, while JD.com Inc JD.O and PDD Holdings PDD.O rise 4.8% each

Gaming stocks Bilibili Inc BILI.O surges 11.2%, peer NetEase Inc NTES.O up 1.5%, while search engine giant Baidu Inc BIDU.O adds 3%

EV firms Li Auto Inc LI.O and Xpeng Inc XPEV.N gain 3.9% each, while Nio Inc NIO.N adds 2.8%

Online video platform IQIYI Inc IQ.O gains 8.3%, while social media co Weibo Corp WB.O was up 3.8%

Online brokerages Futu Holdings Ltd FUTU.O and UP Fintech Holding Ltd TIGR.O gain 6.8% and 9.6%, respectively

China ETFs such as IShares MSCI China ETF MCHI.O, China Large-Cap ETF FXI.N and KraneShares CSI China Internet ETF KWEB.K gain over 3% each, while Direxion China CSI Daily Bull 2X CWEB.K jumped 10%