Stock Track | Trip.com Group Soars 6.34% in Pre-market as China Announces Monetary Policy Shift to Spur Growth

Stock Track12-09

Trip.com Group Limited (TCOM) shares surged 6.34% in the pre-market trading session on Monday, outperforming the broader market. This significant upward movement comes as China announced plans to implement an "appropriately loose" monetary policy in 2024 to support economic growth.

According to state media reports, the Chinese Politburo meeting outlined plans for a more proactive fiscal policy and "unconventional" counter-cyclical adjustments. The decision marks the first shift towards monetary easing since 2010, following years of a "prudent" stance.

The news sent Chinese stocks and ETFs rallying in the pre-market session, with Trip.com Group benefiting from renewed optimism about the country's economic prospects. As a leading online travel agency in China, Trip.com Group's performance is closely tied to consumer spending and domestic demand within the country.

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