On September 24, Hong Kong’s stock market saw a major boost, with all three major indexes surging after Beijing announced a flurry of measures aimed at reviving the housing market after a prolonged downturn. the Hang Seng Index jumped 4.13% to 19,000 points, the Hang Seng Tech Index soared 5.88%, and the China Enterprises Index gained 5.09% on Tuesday.
In the Hong Kong market, tech stocks performed exceptionally well. $BABA-W(09988)$ rose more than 6%, and $TENCENT(00700)$ climbed nearly 4% on Tuesday. Property stocks exploded, with $SUNAC(01918)$ rising 13%. Financial stocks also rallied, with brokers, insurers, and banks all posting gains. $CICC(03908)$ soared over 11%, and $CM BANK(03968)$ jumped nearly 11%.
In the U.S. market, Chinese internet ETFs are seeing a major boost. The $KraneShares CSI China Internet ETF(KWEB)$ is up 10.32%, and the $Direxion Daily FTSE China Bull 3X Shares(YINN)$ is up 29.13% pre-market, $Alibaba(BABA)$ is up 7.88%, and Chinese EV stocks like $XPeng Inc.(XPEV)$ , $Li Auto(LI)$ , and $NIO Inc.(NIO)$ have all risen more than 11% .
I would like to invite you to share your thoughts on Chinese stock in the comments section, and if you own the stock, feel free to show your position!
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Leave a message in the comments section of this post, and share your stock holdings.
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There are tons of coins waiting for you !
🎁 Reward Details
All participants will receive 5 Tiger Coins. Additionally, there are chances to win the following rewards:
🍀 Lucky Trader: We will select the most interactive, insightful, or highly liked comment to receive a USD 5 stock voucher.
👑 Profit King : One trader with the highest profit will receive a USD 5 stock voucher.
⏰ Events Duration
From 25 September 2024 to 10 October 2024
Please leave a message in the comments section of this post . Make sure you include a screenshot of your position as well. $Tiger Brokers(TIGR)$
Comments
@Universe宇宙 @LMSunshine @Shyon @Aqa @GoodLife99 @koolgal @HelenJanet @rL @SPACE ROCKET @TigerGPT
All participants will receive 5 Tiger Coins.
Wow! What an amazing comeback for the Chinese stocks as the stimulus rally continues today! I am super excited as my Chinese stock $JD.com(JD)$
I have only started to invest in JD.com in August as I was impressed with its Q2 24 profit which rose 73.7% to RMB 9.36 per share, beating Wall Street expectations of RMB 6.07 per share. JD.com's "low price" strategy is paying off as its turnover and order volume reached a new high over the festival period which ran from the end of May to June 18 this year.
JD is the 3rd largest Chinese ECommerce company after Alibaba and Pinduoduo. What an amazing turnaround for JD.com from a 52 week low of USD 20.82 to a 52 week high of USD 38.18 this week!
I believe that JD. com is a great stock to buy and hold long term as it has lots of upside potential ahead. For me, it's time in the markets that counts, not timing the market!
@TigerEvents @TigerStars @Tiger_comments
China National Nuclear Power Co., Ltd. (CNNC)
Ticker Symbol: 601985 (Shanghai Stock Exchange)
China General Nuclear Power Group (CGN)
Ticker Symbol: 1816 (Hong Kong Stock Exchange)
CNNC International Ltd.
Ticker Symbol: 2302 (Hong Kong Stock Exchange)
CGN Mining Company Ltd.
Ticker Symbol: 1164 (Hong Kong Stock Exchange)
this is not advice, im not an adviser. Due your own research.