Here's Why Bilibili Shares Are Moving
Portfolio Pulse from Henry Khederian
Bilibili Inc (NASDAQ:BILI) shares are trading higher by 4.09% after China's central bank cut the borrowing cost of its medium-term policy loans. This move is part of Beijing's efforts to stabilize the uncertain economic recovery.
June 15, 2023 | 3:41 pm
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Bilibili shares rose 4.09% after China's central bank cut borrowing costs for medium-term policy loans, aiming to stabilize the economy.
Bilibili's stock price is directly impacted by the news of China's central bank cutting borrowing costs for medium-term policy loans. This move is aimed at stabilizing the economy, which could benefit Chinese companies like Bilibili. As a result, investors are reacting positively to the news, driving the stock price up by 4.09%.
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