Chinese asset ETFs and popular Chinese concept stocks surged in early trading, with Direxion's China Internet Stock ETF doubling and rising more than 9%.

Chinese asset ETFs and popular Chinese concept stocks started strong in early trading, with the two-time leveraged China Internet Stock ETF-Direxion up more than 9%, and the three-time leveraged FTSE China ETF-Direxion up more than 8%; Kingsoft Cloud up more than 10%, Pony.ai up more than 9%, Bilibili up nearly 7%, and Alibaba up more than 6%.