Shares Of U.S.-Listed China Stocks Higher Premarket; Bloomberg Reported China Is Considering New Stimulus To Meet Annual Growth Target
Portfolio Pulse from Charles Gross
U.S.-listed Chinese stocks are trading higher in the premarket following a report by Bloomberg that China is considering new stimulus measures to meet its annual growth target. Stocks mentioned include Alibaba (BABA), Baidu (BIDU), iShares China Large-Cap ETF (FXI), JD.com (JD), Li Auto (LI), NIO Inc. (NIO), Oddball Stocks (ODD), and XPeng Inc. (XPEV).
October 10, 2023 | 9:21 am
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POSITIVE IMPACT
Alibaba's stock is likely to rise in the short term due to potential new stimulus measures in China.
As a major Chinese company, Alibaba stands to benefit from any stimulus measures that could boost the Chinese economy and consumer spending.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Baidu's stock is likely to rise in the short term due to potential new stimulus measures in China.
As a major Chinese company, Baidu stands to benefit from any stimulus measures that could boost the Chinese economy and consumer spending.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
iShares China Large-Cap ETF is likely to rise in the short term due to potential new stimulus measures in China.
As an ETF that tracks large-cap Chinese stocks, FXI stands to benefit from any stimulus measures that could boost the Chinese economy and the stocks it tracks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
JD.com's stock is likely to rise in the short term due to potential new stimulus measures in China.
As a major Chinese company, JD.com stands to benefit from any stimulus measures that could boost the Chinese economy and consumer spending.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Li Auto's stock is likely to rise in the short term due to potential new stimulus measures in China.
As a major Chinese company, Li Auto stands to benefit from any stimulus measures that could boost the Chinese economy and consumer spending.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NIO Inc.'s stock is likely to rise in the short term due to potential new stimulus measures in China.
As a major Chinese company, NIO Inc. stands to benefit from any stimulus measures that could boost the Chinese economy and consumer spending.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Oddball Stocks' stock is likely to rise in the short term due to potential new stimulus measures in China.
As a company that invests in Chinese stocks, Oddball Stocks stands to benefit from any stimulus measures that could boost the Chinese economy and the stocks it invests in.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
XPeng Inc.'s stock is likely to rise in the short term due to potential new stimulus measures in China.
As a major Chinese company, XPeng Inc. stands to benefit from any stimulus measures that could boost the Chinese economy and consumer spending.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80