Chinese tech stocks were up in Monday's premarket activity as Beijing, Shenzhen, and other Chinese cities began easing COVID-19 testing requirements and quarantine rules.
China is also expected to announce a nationwide easing of its heavy COVID-19 curbs by as early as Wednesday, Reuters reported Monday, citing sources familiar with the matter.
Shares of Alibaba Group (BABA) went up 4.49%, Baidu (BIDU) popped 4.67%, Pinduoduo (PDD) added 4.24%, while Bilibili (BILI) surged 16.13%.
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