Alibaba Stock Adds To Gains, JD Breaks Out On Latest Stimulus Reports

Blockhead09-27 00:08

U.S.-listed China tech stocks are surging again Thursday, following reports the Chinese government is planning further stimulus to boost the world's second largest economy. E-commerce giant JD.com (JD...

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E-commerce giant JD.com (JD...</p>\n\n<a href=\"https://www.investors.com/news/technology/alibaba-stock-jd-stock-pdd-china-tech-stimulus/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B3M56506.USD","symbol_name":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://www.investors.com/news/technology/alibaba-stock-jd-stock-pdd-china-tech-stimulus/","article_id":"2470752456","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2018/03/stock-JDcom-04-shutter-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470752456","pubTimestamp":1727366917,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Alibaba stock and other U.S.-listed China tech firms are surging again Thursday, on reports of further government stimulus.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"89988":"阿里巴巴-WR","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","BIDU":"百度","TCOM":"携程网","LU0181495838.USD":"施罗德新兴亚洲A Acc","LU1046421795.USD":"富达环球科技A-ACC","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","BK4503":"景林资产持仓","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","LU0043850808.USD":"HSBC GIF ASIA EX JAPAN EQUITY \"AD\" INC","BK1521":"挪威政府全球养老基金持仓","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" ACC","BK1586":"云计算","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0329678337.USD":"FIDELITY EMERGING ASIA \"A\" (USD)","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0054237671.USD":"FIDELITY ASIAN SPECIAL SITUATIONS \"A\" INC","BK4514":"搜索引擎","PDD":"拼多多","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","09988":"阿里巴巴-W","TCEHY":"腾讯控股ADR","09618":"京东集团-SW","BK1608":"元宇宙概念","LU0228659784.USD":"施罗德金砖四国基金","BK4588":"碎股","LU0132412106.USD":"abrdn SICAV I - EMERGING MARKETS EQUITY \"A\" (USD) ACC","BABA":"阿里巴巴","LU0196878994.USD":"MANULIFE GF CHINA VALUE \"AA\" (USD) INC","LU0128522744.USD":"TEMPLETON EMERGING MARKETS \"A\" ACC","LU0502904849.HKD":"FIDELITY FUNDS  CHINA INNOVATION \"A\" (HKD) ACC","L":"洛斯公司","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU0737861772.HKD":"FIDELITY EMERGING ASIA \"A \" (HKD) ACC","JD":"京东","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","LU0328353924.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERGING MARKETS OPPORTUNITY (USD) \"P\" (USD) ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4587":"ChatGPT概念","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","BK4220":"综合零售","BK4501":"段永平概念","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD"},"translate_title":"阿里巴巴股价上涨，京东因最新刺激报告而爆发","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"89988":0.6,"09988":1,"BABA":1,"JD":1,"TCOM":0.7,"TCEHY":0.7,"PDD":0.7,"BIDU":0.7,"09618":0.6,"L":0.6},"content_text":"U.S.-listed China tech stocks are surging again Thursday, following reports the Chinese government is planning further stimulus to boost the world's second largest economy. E-commerce giant JD.com (JD) stock broke out, while Alibaba (BABA), PDD Holdings (PDD) and Baidu (BIDU) added to recent rallies.\n\n\n\n↑\nX\n\n\n\n\nAI Levels Up: Inside The Chips Driving Nvidia Stock\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nAI Levels Up: Inside The Chips Driving Nvidia Stock\n\n\n\n\nThe China tech stocks started rallying earlier this week, after China's central bank announced plans to cut interest rates among other measures.\nEconomists described the plans as China's most forceful stimulus efforts since it ended its zero Covid policy in late 2022. On Thursday, Chinese media reported the government had further plans, including cash vouchers to boost consumer spending.\nAll of this has been good news for beaten-down Chinese tech stocks.\nAlibaba stock is up 8% at 103.17 in recent action on the stock market today. Shares are up nearly 25% in September. That would mark the e-commerce giants best month since January 2023. Meanwhile, shares of Alibaba rival JD.com are up 12% at 37.18 in recent action. That marks a breakout beyond a 35.69 cup pattern buy point identified by MarketSurge.\nJD, Alibaba Stock Leading China Tech Stocks Higher\nBoth Alibaba and JD remain well below highs from late 2020 and early 2021, respectively. Alibaba in particular was hurt by a government crackdown on tech firms in 2020.\nBut Alibaba has rebuilt some momentum this year. Alibaba stock is up 37% and scored a recent breakout. Shares climbed above an 85.79 cup-with-handle buy point, as identified by MarketSurge, on Sept. 19. The tech giant released new AI models and video-to-text capabilities that day.\nAlibaba stock has an improving IBD Composite Rating of 84 out of 99, according to IBD Stock Checkup. The score combines five separate proprietary ratings into one rating. The best growth stocks have a Composite Rating of 90 or better.\nJD stock, meanwhile, has a Composite Rating of 96 out of 99.\nElsewhere, China internet search leader Baidu is up 7% at 101.22. It is testing highs last reached in July.\nPDD Stock, TCOM Jump On News\nPDD Holdings, parent company of the Pinduoduo shop in China and Temu globally, is also having a strong day. Shares are up 10% at 125.90 in recent action, nearly overtaking PDD's 200-day moving average. PDD is working on bouncing back from a dive that followed its Q2 earnings report last month. The stock gained nearly 90% in 2023 but is down nearly 15% year-to-date.\nAnother stock on the move: Trip.com (TCOM). Shares of China's largest online travel agency are up 8.2% at 54.88 in recent action. Shares have formed a cup pattern with a buy point of 58, according to MarketSurge. The gains are adding to a strong run for the travel company. Shares are up more than 50% year-to-date.\nMeanwhile, WeChat parent company Tencent (TCEHY) stock is up 7% at 56.46 in recent action. The stock on Tuesday broke out above a 50.89 flat base buy point on its weekly chart, according to MarketSurge. Shares of Tencent are listed in Hong Kong and trade over-the-counter in the U.S.\nYOU MAY ALSO LIKE:\nBest Chinese Stocks To Buy And Watch\nChina Stocks Surge On More Beijing Stimulus; CAT Hits New High\nIBD Live: Learn And Analyze Growth Stocks With The Pros\nGet Timely Buy & Sell Alerts With IBD Leaderboard\nTop Growth Stocks To Buy And Watch\nAlibaba Stock, JD Boosted By Stimulus Plan; Tencent Breaks Out","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Policy And Regulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470752456"}