Erik Smith849
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Following a series of stimulus measures introduced by the Chinese government at the end of September, Chinese e-commerce stocks saw a rapid surge and subsequent pullback.
From September 24 to October 7, shares of China's top three e-commerce giants each surged over 30%, with $JD.com (JD.US)$ climbing nearly 60% and $PDD Holdings (PDD.US)$ almost 50%. However, since trading resumed after China's National Day holiday, thes...
From September 24 to October 7, shares of China's top three e-commerce giants each surged over 30%, with $JD.com (JD.US)$ climbing nearly 60% and $PDD Holdings (PDD.US)$ almost 50%. However, since trading resumed after China's National Day holiday, thes...
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Erik Smith849
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Despite a tumultuous week marked by a temporary port strike, fluctuations in Chinese stocks due to stimulus measures, and geopolitical tensions in the Middle East, markets showed resilience, returning to their September closing averages by Friday. After trading hours, major indices reported gains: the S&P 500 (.SPX.US) climbed by 0.90%, the Dow Jones Industrial Average (.DJI.US) increased by...
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