China Tech Giants Soar in Pre-Market Trading Amid Economic Developments

Chinese tech giant Baidu experienced an impressive 12% surge in pre-market trading fueled by its announcement of the plan to spin off its semiconductor unit, Kunlunxin, and list it in Hong Kong. On the home front, major retailers like Wayfair, RH, and Williams-Sonoma thrived following President Donald Trump’s decision to postpone a significant tariff increase on upholstered furniture, propelling Wayfair up by 2.4% and RH up by 3.5%. Williams-Sonoma also experienced a healthy 1.3% increase. Tesla, the electric vehicle manufacturer, saw a modest 1.3% rise ahead of the impending fourth-quarter deliveries data release. Analysts are predicting a total of 426,000…