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Why Shares of Baidu, RLX Technology, and Lufax Holding Are Rising This Week

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Why Shares of Baidu, RLX Technology, and Lufax Holding Are Rising This Week: https://g.foolcdn.com/editorial/images/711444/generic-upward-12.jpg

Many Chinese stocks rose after protests broke out earlier this week over China's zero-COVID policies, which seemed to lead to the Chinese government beginning to ease restrictions.

For the week, shares of the Chinese tech company and search engine Baidu (NASDAQ: BIDU) traded close to 17% higher as of 3:03 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.

Meanwhile, shares of the Chinese electronic vaping company RLX Technology (NYSE: RLX) traded roughly 21% higher, while shares of the Chinese fintech company Lufax Holding (NYSE: LU) were up close to 26%.

Source Fool.com

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