BUZZ-China ADRs recover despite tit-for-tat tariffs

Reuters02-05
BUZZ-China ADRs recover despite tit-for-tat tariffs

** U.S.-listed shares of Chinese companies rise

** Most shares recover from dip in previous session after U.S. President Donald Trump suspends tariffs on Mexico and Canada, shares broadly unfazed by implementation of 10% tariffs on all Chinese imports

** Beijing responds with tariffs on U.S. imports and targets several U.S. companies

** U.S. trade adviser Peter Navarro says Trump to speak with China's Xi later on Tuesday

** E-commerce firms Alibaba Group Holding BABA.N, JD.com Inc JD.O and PDD Holdings PDD.O rise 4.5%, 5.2% and 8.9%, respectively

** Gaming stocks Bilibili Inc BILI.O jumps 7.8%, search engine giant Baidu Inc BIDU.O gains 8.8%

** EV firms jump, tracking gains in Hong Kong-listed EV stocks: Li Auto Inc LI.O up 7.5%, Nio Inc NIO.N gains 4.4%

** Xpeng Inc XPEV.N jumps 8.8% after co says it delivered 30,350 smart EVs in January, representing a 268% increase year-on-year

** China ETFs rise: IShares MSCI China ETF MCHI.O gains 3.1% and on track for best day in nearly two months

** China Large-Cap ETF FXI.N gains 3%, KraneShares CSI China Internet ETF KWEB.K up 4.3%

(Reporting by Lisa Mattackal)

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