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Officials say the real estate market is bottoming out. What’s your view on China's property market?
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Moomoo CA joined discussion · Sep 26 16:49

Moo Brief: China's central bank bullish policy supports the rise of China concept stocks, can the frenzy continue?

Moo Brief: China's central bank bullish policy supports the rise of China concept stocks, can the frenzy continue?
On Tuesday, September 24th,The People's Bank of China introduced a series of policies including interest rate cuts, lowering mortgage rates, etc.lowered the reserve requirement ratio by 0.5%, providing about 1 trillion yuan of long-term liquidity to the financial market. Specifically, the 7-day reverse repo operation rate was reduced by 0.2% from the current 1.7% to 1.5%, while guiding the loan market quote rate and deposit rate to decrease simultaneously, maintaining the stability of commercial banks' net interest margin. This has significantly boosted the Chinese economy.This also gives investors hope for the economic recovery of mainland China, and they believe this is the beginning of stimulating economic growth.。
After the bullish policy was released, $Alibaba (BABA.US)$ 、 $PDD Holdings (PDD.US)$ 、 $JD.com (JD.US)$ Chinese mainland e-commerce stocks listed in the USA surged. $NASDAQ Golden Dragon China (.HXC.US)$ Out of the 64 components,On September 24, 58 stocks rose in a single day, with 18 of them rising by more than 10%.Pdd holdings, which is not included in China Golden Dragon Index,rose sharply by 11.24%, now trading at $113.80, with the second-highest daily trading volume at $3.4 billion. The major indices of the US stock market continue to rise. $S&P 500 Index (.SPX.US)$ Rising nearly 0.3%, $Dow Jones Industrial Average (.DJI.US)$ setting new record highs for several consecutive days, $Nasdaq Composite Index (.IXIC.US)$ Increased by approximately 0.6%.。
Want to seize the opportunities related to china concept stocks and keep up with the market?Click here or the image to view the china concept stocks investment theme >>
Moo Brief: China's central bank bullish policy supports the rise of China concept stocks, can the frenzy continue?
Yesterday on Wednesday, the performance of the U.S. stock market was volatile, with the Dow and S&P hitting new highs. The Dow closed down 0.70%, the S&P fell by 0.19%, and the Nasdaq edged up by 0.04%. China concept stocks faced pressure and retreated after impacting the resistance level, with the Nasdaq Golden Dragon Index falling by 2.80%, $iQIYI (IQ.US)$ Dropped nearly 5%. $NIO Inc (NIO.US)$ Dropped over 4%. $XPeng (XPEV.US)$ 、 $JD.com (JD.US)$ Dropped over 2%. $Bilibili (BILI.US)$ 、 $Alibaba (BABA.US)$ Dropped over 1%.
Today, foreign investors added positions in China concept stocks in the consumer and technology sectors, seeking breakthroughs once again. $Hang Seng TECH Index (800700.HK)$ The increase once expanded to 7%, with Chinese asset ETFs and popular Chinese concept stocks in night trading seeing continuous expansion in gains. $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ Surged by over 9%, JD.com and XPeng Motors surged by nearly 6%, pdd holdings and Alibaba rose by nearly 5%, li auto rose by over 4%, Nio Inc surged by over 3%.
Many Mooers in our community share their views on China concept stocks. Let's explore together!
@Nathan HannahLarge holders need to be careful when distributing goods, whoever has the goods first will benefit. The short sellers have already replenished their positions, so we need to be even more careful. $Alibaba (BABA.US)$ $BABA-W (09988.HK)$
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@lem_lel: $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ There are no signs of resistance today. It may continue to rise tomorrow. In any case, this is an opportunity for long-term holding. The big players are back now.
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@70824419: $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ Unintentionally missed this once-in-a-lifetime opportunity for wealth.
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@jmax: $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$Letting listed companies borrow money to buy back? This is like digging up the ancestors' graves of the retail investors, heartless.
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Is this wave of China concept stocks reaching its peak in the rebound, or is it reversing to pick up passengers?Join the discussion in the comments section to earn 30 points!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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