Why Chinese Stocks Popped on Thursday

Why Chinese Stocks Popped on Thursday

Chinese stocks made some big moves on Thursday as the country moves closer to opening up its economy. GDS Holdings (NASDAQ: GDS) jumped as much as 18.9%, Tuya (NYSE: TUYA) popped 20.5%, and Kingsoft Cloud Holdings (NASDAQ: KC) jumped 18.1%. It may not seem that data center and cloud companies GDS and Kingsoft or an artificial intelligence company like Tuya are impacted by restrictions, but when the overall economy slows, even digital products are impacted.