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Why Chinese Stocks Tuya, EHang, and Lufax Were Climbing Again

Why Chinese Stocks Tuya, EHang, and Lufax Were Climbing Again

Shares of small- and mid-cap Chinese stocks including Tuya (NYSE: TUYA), EHang (NASDAQ: EH), and Lufax (NYSE: LU) were moving higher today after China again took another step away from its zero-COVID policy, boosting investor confidence that the economy would fully reopen in the coming months. Over the weekend, Beijing and Shenzhen announced that they would lift requirements that commuters show negative COVID tests before travel.