(OP)inions Rebound

December 31, 2021

Chinese companies listed in the U.S. rebounded Thursday as investors piled back into stocks hurt by a regulatory crackdown this year. 

Electric-vehicle maker Nio and Tencent Group were 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 severe selloff in 2021 as regulators in Washington and Beijing mounted a crackdown on some of the 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. 

OnePro Special Analyst

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