These are some Chinese stocks charging higher amid fears over COVID restrictions

Shares of several Chinese companies are trading higher Tuesday amid hopes that protests in China could spark an easing of COVID restrictions.

Here's a look at some of the names charging higher.

What's going on: China-based stocks suffered their worst day in more than a month on Monday after protesters in Shanghai and Beijing spoke out against China's strict zero COVID policy after a deadly fire in Urumqi. Protests have spread across the country in the wake of the fire as protestors claimed it was caused by extreme lockdown measures that delayed rescue efforts.

After an official said that Chinese authorities will continue to adjust policies to reduce the effects of current restrictions, hopes of a loosening of China's COVID restrictions are on the rise.

A separate report shows that Beijing has started to reduce COVID restrictions. A local official said restrictions imposed to identify those infected shouldn't exceed 24 hours. Beijing plans to increase vaccination efforts among the elderly. Xinjiang officials stated that they will lift lockdowns in designated areas as soon as possible.

Chinese stocks are moving higher after Pinduoduo Inc PDD turned in better than expected earnings results.