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Alibaba Options Volume More Than Triples After China Vows to Bolster Growth
Alibaba Games is about to launch an attack.
Inject enthusiasm.
Last night, china assets went "crazy."
Overnight, the nasdaq Golden Dragon china index rose over 8.5%, marking the best single-day performance since the end of September. Popular Chinese concept etfs surged collectively: the largest MCHI increased by 7.7%, the FXI, which tracks large Chinese companies in the Hong Kong stock market, rose over 8%, and the only major Chinese concept etf tracking the A-share market, ASHR, gained nearly 7%. The most insane increase came from the three times leveraged FTSE China, YINN, which soared 24% overnight and continued to rise over 2% after hours.
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Parp : China's economy is struggling, It's not down because people dislike the company specifically.
YellowPika : those users never use taobao before. so much cheaper than shopee
Jeycraz (Jeremy) OP : I know Alibaba has always been receiving very bad sentiment before I added my position in, I didn't invest much but man...the sentiment is just that bad ...holy crap, but no worries will continue dca