NEW YORK -- Shares in U.S.-listed Chinese stocks and indexes surged on Thursday following news that American and Chinese officials are nearing a deal to end a long-standing dispute over auditing foreign companies listed on American stock exchanges.
Nasdaq Golden Dragon China Index, which tracks American depositary receipts (ADRs) from Chinese enterprises, closed the day up 6.3%. Among the biggest Chinese companies listed in the U.S., Alibaba shares closed up 8%, JD.com shares increased 9.2%, and Pinduoduo shares rose 12.4%.
