China to Lift Fiscal Spending to Boost Economy
Shares of US-listed Chinese Stocks Are Trading Lower, Possibly Continuing to Fall Following Weak Import Data.
Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading
China Central Economic Work Conference: A Key Indicator for Future Market Trends
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%.
U.S. stock movement | tencent music (TME.US) rose over 9% as Q3 online music subscription revenue increased by over 20% year-on-year.
As of the time of writing, the stock has risen more than 9%, trading at $13.73.
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