News Formal

Chinese Stocks Book $70 Billion US Rally As Beijing Brandishes ‘Big Guns’ Stimulus

  • 📰 Forbes
  • ⏱ Reading Time:
  • 30 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 53%

Chinese ニュース

CSI 300,American,China

Derek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.

Chinese stocks surged Thursday as investors responded favorably to Beijing’s commitment to jolt its economy, with New York-listed shares of the firms adding hundreds of billions of dollars, helping boost American stocks as well.Chinese companies dually listed on the New York Stock Exchange and Nasdaq tacked on $71 billion of market capitalization in the U.S., led by the more than $15 billion respective rallies from e-commerce giants Alibaba and Pinduoduo.

The 20 stocks gained an average of 11% in New York by about 10:15 a.m. EDT, according to Yahoo Finance data. That helped boost the Nasdaq Composite tech stock index 1% to a two-month high; the U.S.’ other leading stock indexes, the S&P 500 and Dow Jones Industrial Average, rose a more modest 0.6% and 0.5%, respectively partially tied to the fact the dual-listed Chinese stocks only factor into the Nasdaq.

The stateside gains followed massive gains in Asian trading for Chinese companies, as China’s CSI 300 index and Hong Kong’s Hang Seng index tacked on about 4% apiece.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 394. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

US-listed Chinese stocks broadly higher after PBOC announces stimulusUS-listed Chinese stocks broadly higher after PBOC announces stimulus
ソース: Investingcom - 🏆 450. / 53 続きを読む »

Chinese stocks hold bullish outlook, Gavekal Research saysChinese stocks hold bullish outlook, Gavekal Research says
ソース: Investingcom - 🏆 450. / 53 続きを読む »

China's auto stocks rise unfazed by U.S. proposal to ban Chinese car partsShares of Chinese automakers climbed in spite of news that the U.S. government is mulling a new proposal to ban Chinese and Russian car parts.
ソース: CNBC - 🏆 12. / 72 続きを読む »

Chinese stocks lead Asia gains as PBOC announces slew of policy easing measures in rare briefingThe People’s Bank of China has announced that it will reduce the reserve requirement ratio by 50 basis points, among other measures.
ソース: NBCPhiladelphia - 🏆 569. / 51 続きを読む »

3 Undervalued Chinese Stocks Poised to Take Off Thanks to Beijing’s StimulusStocks Analysis by Investing.com (Alessandro Bergonzi) covering: NetEase Inc, Shanghai Shenzhen CSI 300, ZTO Express (Cayman) Inc, Huazhu Group Ltd. Read Investing.com (Alessandro Bergonzi)'s latest article on Investing.com
ソース: Investingcom - 🏆 450. / 53 続きを読む »

European Stocks Dip Despite Chinese StimulusEuropean stocks saw slight declines on Wednesday despite gains from previous sessions fueled by Chinese stimulus measures. Investors are also monitoring developments in sectors like banking and technology.
ソース: NBCNewYork - 🏆 270. / 63 続きを読む »