Stock Track | TRIP.COM-S Soars 5.01% on Stimulus Hopes for China's Tech and Growth Sectors

Stock Track03-06

TRIP.COM-S stock surged 5.01% intraday on Thursday, outperforming the broader market rally in Hong Kong. The jump came amid rising expectations that China will introduce more stimulus measures to achieve its annual growth target of around 5%, benefiting tech firms and growth sectors.

Investor optimism was fueled by the government work report unveiled during the ongoing National People's Congress, which highlighted plans for looser monetary policies, wider adoption of AI technologies, and vigorous development of smart equipment like robotics and electric vehicles.

The upbeat policy stance and commitment to tech innovation and consumption are expected to sustain momentum in Chinese stocks, particularly in the technology and growth sectors that TRIP.COM-S operates in. Analysts believe the recent US tariff increase will only temporarily disrupt, but not derail, the market rally.

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