JD.com Shares Surge as Chinese Tech Sector Gains Momentum

China’s technology sector is demonstrating renewed strength as geopolitical tensions show signs of easing, with e-commerce leader JD.com emerging as a primary beneficiary of returning investor confidence. The company’s shares have posted significant gains amid a broader market rally, though analysts point to both macroeconomic and company-specific factors driving this performance.

JD.com’s Hong Kong-listed shares advanced substantially, climbing 5.9 percent to HK$137.70. This upward movement occurred within a broader sector surge, with the Hang Seng Tech Index jumping 3.2 percent and the benchmark Hang Seng Index gaining 1.2 percent to reach 26,752.70 points?its highest level since July 2021.

Market experts maintain an optimistic outlook for JD.com, with the average price target of $43.31 for its US ADRs suggesting... Read more...