Chinese tech stocks are soaring. Many have been looking cheap of late, and soothing words from Federal Reserve Chair Jerome Powell only fueled the dip-buying fire.
U.S.-listed shares of Alibaba (ticker: BABA) rose 3% Tuesday and were gaining another 3% in Wednesday’s premarket trading. Fellow Chinese tech giant JD.com (JD) rallied 10.3% Tuesday and the stock rose 2% before U.S. markets opened.
The…