Alibaba, JD.com, XPeng Soar In Hong Kong As PBOC’s Fresh Stimulus To Boost Stock Market Sends Chinese Main Stock Market Gauge Up By 3% – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)
The Chinese market, which reopened on Tuesday after a weeklong public holiday, was pressured on Wednesday as domestic traders did not get the additional stimulus they had factored in. Come Thursday, things took a turn for the better as the People’s Bank of China announced measures to boost the stability of the domestic equity market. What Happened:…
