Why JD.Com Stock Is Rising
Portfolio Pulse from Henry Khederian
JD.Com Inc (NASDAQ:JD) shares are trading higher by 2.69% to $39.68 after China's central bank cut the borrowing cost of its medium-term policy loans, signaling intensified stimulus efforts to stabilize the uncertain economic recovery.

June 15, 2023 | 3:04 pm
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JD.Com shares are up 2.69% after China's central bank cut borrowing costs, indicating stimulus efforts to stabilize the economy.
The central bank's decision to cut borrowing costs signals an effort to stabilize the uncertain economic recovery in China. This move is likely to have a positive impact on Chinese stocks, including JD.Com, as it indicates the government's support for the economy. As a result, investors may view this as a positive sign for the company's growth prospects, leading to an increase in the stock price.
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