December 31, 2021
Chinese companies listed in the U.S. rebounded Thursday as investors piled back into stocks hurt byaregulatory crackdownthis year.
Electric-vehicle makerNio and Tencent Groupwere among some of the best performers Thursday, climbing 15% each, Alibaba rose 9.7%, while Tal Education Groupadvanced 15%.
U.S.listed Chinese stocks have experienced a severeselloff in 2021 as regulators in Washington and Beijing mounted acrackdown onsome ofthe nation‘s companies. That rout erased more than $1 trillionin value since February as authorities in the U.S. and China continued to put pressure on the firms. Despite Thursday’s rally, the group is still down about 42% this year and about 57% lower from its February peak.
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