Account Info
Log Out
English
Back
Download
Log in to access Online Inquiry
Back to the Top
Officials say the real estate market is bottoming out. What’s your view on China's property market?
Views 5.4M Contents 1405
avatar
Moomoo CA joined discussion · Sep 26 03:49

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 has introduced a series of policies including interest rate cuts, lowering mortgage rates, etc.lowering the reserve requirement ratio by 0.5%, providing around 1 trillion yuan of long-term liquidity to the financial market. Specifically, the 7-day reverse repurchase operation rate has been reduced by 0.2% from the current 1.7% to 1.5%, while guiding loan market quoted interest rates and deposit rates lower in sync to maintain the stability of commercial banks' net interest margins. 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 closely follow the market and seize opportunities related to China concept stocks?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 more than 4%, $XPeng (XPEV.US)$ 、 $JD.com (JD.US)$ Dropped more than 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. $Alibaba (BABA.US)$ $BABA-W (09988.HK)$
View the original post >>

@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.
View the original post >>

@70824419: $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ Unintentionally missed this once-in-a-lifetime opportunity for wealth.
View the original post >>
@jmax: $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$Allowing listed companies to borrow money for buybacks? This is like digging up the ancestors' graves of the leek farmers, it's heartless and ruthless.
View the original post >>
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
34
1
+0
16
See Original
Report
11K Views
Comment
Sign in to post a comment

View more comments...

avatar
Moomoo CA
Moomoo Technology Inc. Official Account
How's it going, eh?
4059Followers
20Following
5771Visitors
Follow
More from Moomoo CA