December 10, 2024

Chinese Stocks Jump on Promise of “Moderately Loose” Monetary Policy

Chinese stocks

The newly-announced measures mark a significant tonal shift in Chinese monetary policy Shares of Alibaba (NYSE:BABA), JD.com (NASDAQ:JD), Baidu (NASDAQ:BIDU), and other Chinese stocks rallied sharply Monday morning after the Chinese government announced stimulus measures to create a more business-friendly regime. A readout of a Politburo meeting from early Monday morning promised a “more proactive fiscal policy and an appropriately… Continue reading Chinese Stocks Jump on Promise of “Moderately Loose” Monetary Policy

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