2 China Stocks Cheering the Tariff Pause

Group 1 - U.S. and China have agreed to cut reciprocal tariffs by 115% for 90 days, leading to a rise in stocks of JD.com and Alibaba [1] - JD.com stock is currently trading at $35.92, bouncing off its 320-day moving average, and is up 11.3% year-over-year [2] - Alibaba is trading at its highest levels since late March, with a year-to-date increase of 56.6% and support at its 200-day trendline [2] Group 2 - Options activity for both JD.com and Alibaba has doubled, with JD seeing interest in the June 35 call and Alibaba in the June 120 call [3] - JD.com is set to report its quarterly results on May 13, while Alibaba will report on May 15 [3]