U.S.-listed shares of Chinese firms rise as local markets rally

** U.S.-listed shares of Chinese companies rise, tracking gains in domestic market

** Hong Kong shares closed at a four-year peak, backed by optimism in Chinese AI capabilities and progress in a potential U.S. deal involving TikTok .SS

** E-commerce firms Alibaba Group BABA.N, JD.com JD.O and PDD Holdings PDD.O rise between 1.7% and 3.8%

** Gaming stocks Bilibili BILI.O up 2.8% and peer NetEase NTES.O up 1.4%, while search engine giant Baidu BIDU.O jumps 8%

** EV firms Li Auto LI.O and Nio NIO.N gain 2.4% and 3.7%, respectively, while Xpeng XPEV.N up 1%

** Music streaming co Tencent Music Entertainment TME.N rise 3.8%, while social media co Weibo WB.O climb 0.8%

** China ETFs such as IShares MSCI China ETF MCHI.O up 1.5%, IShares China Large Cap ETF FXI.N up 1.6% and KraneShares CSI China Internet ETF KWEB.N up 2.7%, respectively

** Invesco Golden Dragon China ETF PGJ.O, up 31% YTD, was trading at its highest since February 2023 as of Tuesday's close