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
Stimulus Plan: Beijing plans to inject around$140 billioninto its largest state banks to bolster the economy, marking its first major move since the 2008 financial crisis. Fiscal Support: China’s leaders are committed to fiscal spending aimed at reviving the housing market and stabilizing the overall economy, as reported byXinhua News Agency.
Expert Commentary David Tepperof 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.
Green Leaf Froggie : Switch to HK & CN shares from US
Cui Nyonya Kueh :