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Alibaba and Chinese stocks rally on Trump-Xi meeting optimism, Ford shares jump on China energy deal

Market News
13 May 2026
CNBC
View Source
Bullish
pluang ai news

Shares of Alibaba surged 8% despite disappointing earnings, leading a 2.5% rally in Chinese stocks after President Trump met with Chinese leader Xi Jinping. The meeting boosted optimism for improved U.S.-China relations, sparking heavy call option buying in Alibaba and China-focused ETFs like KWEB. Ford Motor also saw a 13% jump after a positive analyst note on its energy-storage deal with China's CATL, with bullish options activity reflecting investor confidence. This 'Trump effect' could catalyze renewed momentum in Chinese tech stocks and related sectors.

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