YY - Why did JOYY shares surge 11% Tuesday? More shares traded than usual
- JOYY ( NASDAQ: YY ) shares surged more than 11% Tuesday as the Singapore-based social-media platform operator started 2023 on a strong note.
- The was no major direct news involving JOYY ( YY ), other than having almost 808,000 shares trade hands on Tuesday. JOYY ( YY ) averages 631,000 shares exchanged on a daily basis.
- While based in Singapore, JOYY ( YY ) does provide services in several countries, including China. On Tuesday, numerous Chinese tech stocks, such as Alibaba ( BABA ) and JD.com ( JD ), flexed their muscles as China's new foreign minister said he was looking toward developing better relations with the United States .
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Why did JOYY shares surge 11% Tuesday? More shares traded than usual