Chinese ADRs proving to be a bright spot in another disappointingly weak overall market
Second day in a row.
Chinese ADRs proving to be a bright spot in another disappointingly weak overall market.
PBoC’s Pan hints at shift to consumption-focused #stimulus. Weak loan growth despite strong M2 growth, plus softening prices may finally be getting the message across to these guys.
Here we go! Chinese stocks love bouncing hard after scraping the bottom of the barrel.
$KraneShares CSI China Internet ETF(KWEB)$ $Alibaba(BABA)$ $MEITUAN(MPNGF)$ $JD.com(JD)$ $PDD Holdings Inc(PDD)$ $Bilibili Inc.(BILI)$ $Yum China Holdings, Inc.(YUMC)$ $Trip.com Group Limited(TCOM)$ $H World Group(HTHT)$ $Greentree Hospitality Group(GHG)$ $Baidu(BIDU)$
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