symbol: FXI – Charm

Cheaper Loans, Tariff Relief: Why Chinese Stocks Are Climbing – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

U.S.-listed Chinese stocks rallied sharply Wednesday morning, as Beijing’s new stimulus targeting consumer loans and service-sector businesses signaled a deeper commitment to reviving domestic demand and supporting economic growth, adding to the momentum sparked two days earlier by President Donald Trump‘s extension of the U.S.-China trade truce. Beijing Backs Borrowers, Bets On Consumption Revival China’s…

Alibaba Chair Says Business Entrepreneurs ‘More Confident’ After Meeting With Xi Jinping In January, Signals Hiring Boost – Alibaba Gr Hldgs (NYSE:BABA), Alibaba Gr Hldgs (OTC:BABAF)

Cs news5 months ago04 mins

Alibaba Group Holding Ltd. BABA BABAF Chairman Joe Tsai announced Tuesday the company will resume hiring, signaling growing confidence in China’s business landscape following recent economic policy shifts. What Happened: Speaking at HSBC’s Global Investment Summit, Reuters reported that Tsai highlighted a pivotal meeting between Chinese President Xi Jinping and private business leaders as a…

Chinese Stocks Plunge As Stimulus Hopes Fade: Hong Kong Posts Worst Daily Decline Since October 2008 – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Cs news11 months ago07 mins

After weeks of soaring performance that positioned Chinese stocks among the best global performers year-to-date, a sharp selloff swept across Chinese markets overnight, with the Hang Seng Index in Hong Kong plummeting more than 9% on Tuesday. The massive drop marks the index’s worst single-day loss since October 2008, during the height of the global…