Hi, mooers!
Welcome back to Maple Market Challenge!  
Like always, let's reveal the answer to last week's quiz: What is RBC's adjusted target price for TD following the asset cap announcement？The answer is "C$82".
86% mooers chose the correct answer! A big round of applause to those who got it right! Each of you will receive 20 points. Plus, we're giving 50 points to everyone who left a comm...

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%, $Dow Jones Industrial Average (.DJI.US)$ It has been setting new closing highs for consecutive days...

Hey mooers!
On September 24, China unveiled its largest economic stimulus package since the pandemic, sparking a surge in AH shares and U.S.-listed Chinese stocks. Consequently, Chinese stocks traded in the U.S. saw significant gains on Tuesday, with the $NASDAQ Golden Dragon China (.HXC.US)$ closing up over 9%, its largest increase since 2022. Notable stocks included $Kanzhun (BZ.US)$ soaring over 19%, $Bilibili (BILI.US)$ up 17%...