What's Going On With iQIYI Stock During Thursday's Session
Portfolio Pulse from Henry Khederian
iQIYI Inc's stock is trading higher by 6.49% to $5.09 after multiple Chinese stocks fell on Wednesday due to lackluster export data. The stock is also benefiting from China's central bank reportedly telling state-owned banks to decrease dollar deposit interest rates to support the yuan.
June 08, 2023 | 7:02 pm
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iQIYI's stock is trading higher after Chinese stocks fell on weak export data and China's central bank's move to support the yuan.
iQIYI's stock is trading higher due to a recovery in Chinese stocks after weak export data and China's central bank's move to support the yuan by decreasing dollar deposit interest rates. This news is directly related to iQIYI and is likely to have a positive short-term impact on its stock price.
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