China Central Economic Work Conference: A Key Indicator for Future Market Trends

Moomoo News GlobalDec 11 05:38 ET

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.

wallstreetcnDec 9 19:27 ET

Tonight, Chinese concepts soared! The nasdaq Golden Dragon index surged by 10%, while fangdd network doubled directly.

Some analysis indicates that the Political Bureau meeting first mentioned stabilizing the stock and real estate markets, and the US stock market quickly rallied on china assets. The 3x Long FTSE china etf surged over 26%, the 2x Long china internet plus-related stocks rose over 22%, the 2x Long FTSE china 50 ETF increased over 17%, and the 2x Long 300etf gained nearly 15%.

wallstreetcnDec 9 11:06 ET

China Will Adopt a "Moderately Accommodative" Monetary Policy in the Next Year, The First Shift to Easing Since 2011

Moomoo News GlobalDec 9 07:23 ET

Express News | China Signals Major Policy Shift: Hang Seng and Chinese Stocks Rally on Easing Measures

Moomoo NewsDec 9 02:38 ET

Asian Equities Traded in the US as American Depositary Receipts Flat in Friday Trading

MT NewswiresDec 6 10:32 ET