2 China Stocks Cheering the Tariff Pause
BABA and JD are on the rise after the U.S. and China cut tariffs temporarilyStocks are soaring today, after the U.S. and China agreed to cut "reciprocal" tariffs by 115% for 90 days, with plans for further negotiations in the coming weeks. Unsurprisingly, U.S.-listed shares of China-based stocks JD.com Inc (NASDAQ:JD) and Alibaba Group Holding Ltd (NYSE:BABA) are on the rise, up 6.3% and 6.5% at last check, respectively. JD.com stock is trading at $35.92, staging a nice little bounce off its 320-day moving ...