Chinese ADRs Jump With Tencent Music up 6%, XPeng up 4%
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Chinese ADRs jumped in morning trading. Direxion Daily FTSE China Bull 3X Shares rose 3%; Tencent Music rose 6%; XPeng rose 4%; Baidu, Bilibili, and Li Auto rose 3%; JD.com and PDD Holdings rose 2%; NIO rose 1%; Alibaba rose 0.8%.

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