In recent pre-market trading, several Chinese stocks exhibited notable movements. Alibaba (BABA, Financial) initially surged nearly 7% before narrowing its gains to 2.3%. Reports suggested Alibaba planned a $1 billion investment in DeepSeek, but company insiders refuted this as false information.
Li Auto saw a significant rise, climbing nearly 7%, while Bilibili increased over 3%, Futu Holdings rose nearly 3%, and Tiger Brokers gained more than 2%. Additionally, the Direxion Daily FTSE China Bull 3X Shares ETF experienced a near 7% increase.
In the broader market, U.S. stock index futures experienced a brief dip following the release of U.S. non-farm payroll data. The Nasdaq futures dropped 0.08%, S&P 500 futures fell 0.06%, and Dow Jones futures decreased 0.01%. European markets showed mixed results, with the German DAX index rising 0.12%, while the French CAC 40 and UK FTSE 100 indices fell by 0.12% and 0.11%, respectively.
U.S. Treasury yields increased, with the 10-year yield rising over 4 basis points to 4.481%. The dollar index climbed briefly by 0.3%, while USD/JPY rose 0.5% to 152.13. Spot gold prices increased by 0.27% to $2,863.89 per ounce, and both Brent and WTI crude oil prices rose by over 0.4%.
