*CHINA CUTS KEY RATE, FREES UP CASH FOR BANKS TO SPUR GROWTH (x.com) This makes me wanna hold on to my China names a little longer. Although we should be seeing a slight retracing due to the China markets being very oversold. Interested parties could use this opportunity to accumulate if you believe in ‘made in china’. #KWEB #BABA #BIDU #PDD
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HENGJR
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this is pretty funny. this post was purely for comedy but was shocked to see Xi’s popularity. I hope i don’t get kidnapped
China's latest stimulus package has ignited a dramatic market rally, leaving short sellers scrambling and long-term investors like David Tepper making bold moves. The CSI 300 is up nearly 15% in the last five days, and KWEB (US-listed Chinese tech) has surged over 23% this week. Tepper, founder of Appaloosa Management, has gone long on China, signaling that he’s “buying everything” as confidence grows in the potential recovery of the Chinese economy. ...
$Alibaba (BABA.US)$after such a bullish weekly candle, further growth is raising fewer doubts. The situation is comparable to the$H-Source Holdings Ltd (HSI.CA)$index - with the MA200 on the weekly chart and key resistance at 120. Thus, a consolidation around this level is also quite likely, as breaking through it would indicate a strong bullish trend, while some folks have forgotten to buy in.
China's state-holding enterprises' profit dropped by 1.3% y/y to 1.5 trillion yuan Joint-equity's profit down by 1.3% to 3.4 trillion yuan Foreign ventures+HK+MO+TW rise 6.9% to 1.2 trillion yuan Private enterprises +2.6% to 1.2 trillion yuan From January to Aug, the profit in China's mining sector fell by 9.2% y/y(narrowed) to 0.81 trillion yuan. The manufacturing sector rose by 1.1%(narrowed) y/y 3.3 tln yuan. The electricity, heating, gas, and water supply sector +14.7%(na...
Mainland investors have accounted for about 20% to 25% of the daily trading volume since. It will be interesting to know how big of a role they played in today's explosive rally. It's clear that mainland investors have appetite for HK-listed companies especially when the markets are ripping higher. They add octane to the fuel. Perhaps it's time fo...
HENGJR OP : this is pretty funny. this post was purely for comedy but was shocked to see Xi’s popularity. I hope i don’t get kidnapped