Alibaba, JD.com Stocks Surge. Why China’s Property Stimulus Is Boosting Tech Giants.

📆 2023/09/04 15:25:00
📰 MarketWatch

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The large e-commerce companies have become sensitive to macroeconomic developments in recent weeks, given their reliance on the health of the consumer.

China’s property stocks may have led the way Monday after a flurry of good news for the sector, but there were also sizable gains for the country’s biggest internet companies.

With the U.S. market closed Monday for Labor Day, the companies’ American depositary receipts may well catch up with gains of their own in Tuesday’s trading. But those measures led to a broad-based rally in Chinese stocks, including its tech giants. It also added to the feeling that Beijing may keep the stimulus measures coming. Goldman Sachs analyst Hui Shan said she expects measures to continue “until policymakers are satisfied with the result.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong property stocks surge as China takes action to revive property sectorStocks were also helped by Country Garden Holdings reportedly winning approval to extend repayment on an onshore private bond to 2026.
Source: nbcchicago - 🏆 545. / 51 Read more »

Japanese stocks climb for sixth day as Hong Kong stocks gainStocks in the Asia-Pacific region mostly grew Monday, Sept. 4, Japanese shares climbing for the sixth day. The Hang Seng Index of Hong Kong companies added...
Source: MarketWatch - 🏆 3. / 97 Read more »