Chinese media stocks launch rally in U.S.

|About: HUYA Inc. (HUYA)|By:, SA News Editor

Media stocks are pacing the gains for an early surge in U.S.-traded Chinese issues, following a resumed stock rally in Chinese markets.

Weibo (NASDAQ:WB) is up 2.6% (and SINA up 2.2%) out of today's U.S. open. (NASDAQ:SOHU) is up 3.5%, Sogou (NYSE:SOGO) up 2.4%.

YY is up 2%; Momo (NASDAQ:MOMO) up 2.2%.

Meanwhile, iQiyi (NASDAQ:IQ) is up 2.8%; Huya Broadcasting (NYSE:HUYA) up 6.3%; NetEase (NASDAQ:NTES) is up 2.5%. In OTC trading, Tencent (OTCPK:TCEHY) was up 3.3% premarket.

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