Alibaba (BABA) stock jumped in U.S. trading early Monday after the Chinese government pledged further economic stimulus. U.S.-listed shares of Chinese technology companies PDD, JD, Trip and Baidu also are rallying.
The CN government has pledged to support the stability and progressive growth of the nation's financial markets, including both the stock and property markets. It aims to safeguard and increase investments and the long-term income of investors.
Additionally, the government plans to expand domestic demand and fuse scientific and technological innovation with industrial advancement. By stabilizing the property and stock markets, addressing critical risks, and mitigating external shocks, it seeks to maintain stable economic expectations and invigorate economic dynamism. These efforts are intended to sustain economic recovery, continuously improve the living standards of the populace, and ensure social harmony and stability.
When the market is trending upwards, we could make the most of contra trading. It's like shopping now and paying later without needing all the cash at the start, which allowing us to trade now and settle later. Super handy for those who don't have the cash ready or are aiming to bump up their profits. It's quite suitable for short-term traders and upward trends.
Contra trading just requires simply selling before the settlement date and paying the difference between our buy and sell trades. Tiger Cash boost account provides contra trading. I often use it for this situation. You can check it out to get more details. We can receive an initial limit of over SGD 20,000, and can trade stocks and ETFs in the SG, US, and HK markets with free commissions.
Hope this helps someone =)
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Thank you for @Cecilia2828 When the market is trending upwards, we could make the most of contra trading. It's like shopping now and paying later without needing all the cash at the start, which allowing us to trade now and settle later.