US-Listed Chinese Stocks, ETFs Surge on New Stimulus Reports
U.S.-listed Chinese companies and ETFs saw significant gains Thursday following reports of new economic support measures from Beijing.
Key Developments
Market Reaction
$NASDAQ Golden Dragon China (.HXC.US)$ surged nearly 11%, reflecting the strong positive sentiment.
Major ETFs like the $iShares MSCI China ETF (MCHI.US)$ rose 8%, while the $iShares China Large-Cap ETF (FXI.US)$ gained 7%.
U.S.-listed shares of Chinese firms also jumped:
$PDD Holdings (PDD.US)$ increased by 13%.
$Alibaba (BABA.US)$ and $JD.com (JD.US)$ saw gains of 10% and 14%, respectively.
EV makers $Li Auto (LI.US)$ and $NIO Inc (NIO.US)$ rose 8% and 6%.
Major ETFs like the $iShares MSCI China ETF (MCHI.US)$ rose 8%, while the $iShares China Large-Cap ETF (FXI.US)$ gained 7%.
U.S.-listed shares of Chinese firms also jumped:
$PDD Holdings (PDD.US)$ increased by 13%.
$Alibaba (BABA.US)$ and $JD.com (JD.US)$ saw gains of 10% and 14%, respectively.
EV makers $Li Auto (LI.US)$ and $NIO Inc (NIO.US)$ rose 8% and 6%.
Expert Commentary
David Tepper of Appaloosa Management expressed enthusiasm for the situation, stating he would buy "everything" related to China, including ETFs and futures, indicating strong confidence in the market's recovery.
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Green Leaf Froggie : Switch to HK & CN shares
from US 
Cui Nyonya Kueh :