Chinese stocks listed in the US had a significant rally on Monday due to positive signals from Beijing regarding monetary easing and efforts to stimulate domestic consumption.
The Nasdaq Golden Dragon China Index, which tracks major Chinese companies trading in the US, had a nearly 10% surge, its largest intraday increase since late September.
Notable gains were seen in prominent technology firms, with Alibaba Group Holding Ltd. and PDD Holdings Inc. each rising over 7% during New York trading.
This market response reflects investor optimism following the Chinese government's commitment to boosting economic demand.