James Comtois / ETF Trends
Alibaba, Baidu Earnings Trigger Rally in China Tech Stocks – Alibaba Group Holding Ltd.s and Baidu Inc.s better-than-expected earnings triggered a rally in Chinese technology stocks. American depositary receipts in both companies rose by more than 10% on Thursday after they posted their results. This led to a 7.6% rise in the broader Nasdaq Golden Dragon China Index, a 3.8% …
