Jim Cramer's Spot-On Call: China Takes Action To Boost Ailing Stock Market, Report Reveals
Portfolio Pulse from Shanthi Rexaline
Chinese stock exchanges have asked investment funds to avoid selling more domestic shares for a day, a tactic used in times of adversity. This comes as the Chinese Shanghai Composite Index has been down in seven of the past eight sessions, primarily due to a default by property developer Country Garden. CNBC's Jim Cramer has advised buying high-profile China tech stocks such as Alibaba, Baidu, and JD.com, expecting China to stimulate its stock market. The iShares MSCI China ETF ended down 1.65%.
August 16, 2023 | 9:36 am
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The iShares MSCI China ETF ended down 1.65% amid the downturn in the Chinese stock market.
The downturn in the Chinese stock market, reflected in the recent performance of the iShares MSCI China ETF, could potentially continue to negatively impact the ETF's price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Jim Cramer has advised buying Alibaba stocks, expecting China to stimulate its stock market.
Jim Cramer's advice to buy Alibaba stocks, coupled with the expected market stimulation by China, could lead to an increase in demand for Alibaba stocks, potentially driving up its price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jim Cramer has advised buying Baidu stocks, expecting China to stimulate its stock market.
Jim Cramer's advice to buy Baidu stocks, coupled with the expected market stimulation by China, could lead to an increase in demand for Baidu stocks, potentially driving up its price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jim Cramer has advised buying JD.com stocks, expecting China to stimulate its stock market.
Jim Cramer's advice to buy JD.com stocks, coupled with the expected market stimulation by China, could lead to an increase in demand for JD.com stocks, potentially driving up its price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80