Foreign-listed Chinese shares jump as Beijing soothes worries

In U.S. trading, JD.com JD.O jumped 39.4%, Alibaba BABA.N gained 36.8% and Pinduoduo PDD.O rallied 56.1% in the biggest daily percentage advances ever for those shares. They fell to multi-year lows during Tuesday's sell-off. Read full story The iShares MSCI China exchange-traded fund MCHI.O rose 20.9%.

Foreign-listed Chinese shares rallied on Wednesday after Beijing vowed to keep markets stable, soothing overseas investors' nerves after a sell-off due to worries over differences between China and the West in the Russia-Ukraine war.

Remarks by China's Vice Premier Liu He that Beijing would roll out support for the economy and keep markets stable sparked a bounce from 21-month lows for local equities, fuelling a rally for U.S.- and Europe-listed Chinese shares.