More signals are supportting the rebound of Chinese ADRs?
It is expected that we will continue to see some high-quality Chinese concept stocks rise this week. $CSI China Internet ETF(KWEB)$ $FTSE China Bull 3X Shares(YINN)$ .
The 10 Chinese ADRs with the highest trading volume on Tuesday were: $NIO Inc.(NIO)$, $TAL Education Group(TAL)$, $Bilibili Inc.(BILI)$, $Alibaba(BABA)$, $Lufax(LU)$, $Pinduoduo Inc.(PDD)$, $iQiyi Inc.(IQ)$, $XPeng Inc.(XPEV)$, $JD.com(JD)$, $FULL TRUCK ALLIANC SPON ADS EACH REP 20 ORD SHS CL A(YMM)$
Meanwhile, Asian markets were also trades optimistic on Wednesday.
What signals does positive news imply?
On the afternoon of October 9, President Xi Jinping met with the bipartisan delegation of the U.S. Senate led by Majority Leader Charles Schumer at the Great Hall of the People.
President Xi underlined that the China-U.S. relationship is the most important bilateral relationship in the world. How China and the U.S. get along will determine the future of humanity. Competition and confrontation is not consistent with the trend of the times. Still less can it fix one’s own problems and address the challenges facing the world. China maintains that the common interests of the two countries far outweigh their differences, and the respective success of China and the U.S. is an opportunity, rather than a challenge, to each other.
By Bloomberg News on Wednesday, Chinese stocks advanced after a report saying Beijing is planning further support for the nation’s struggling economy boosted sentiment.
Bullish options underpin bets on Chinese stocks rallying by up to 27% in Hong Kong。
In addition, Goldman Sachs Strategy also pointed out that it continues to recommend overweighting Chinese stocks to bet on a rebound that may occur before the end of this year.
In the U.S.，many Federal Reserve officials made dovish statements in support of not raising interest rates.
Investors are awaiting the minutes of the Federal Reserve's September meeting, U.S. CPI inflation data, and corporate third-quarter reports to support continued gains in U.S. stocks.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
XPEV is a long play. EV'S are going to be the wave of the future. Buy and hold and you will be rewarded.......
if you support Israel or Hamas you short Xpeng, if you support peace in the World you buy xpeng!!!!
Stimmie coming - will take all Chinese stocks up 10-20% within a month. Buy now before it is announced in a few days.
Added KWEB and YINN. Expect a large Chinese stimmy announcement any day...
So far this year NIO has bested Tesla in Solid State batteries, 800 Volt systems, NIO Phone, 571 Mi Range, NVIDIA Guidance and partnerships with Shell, Sinopec, CNPC, BP and CATL. NIO is going north.
NIO is offering 150 KW semi solid state batteries in 11 models. Tesla does not offer a 150 KW or a semi solid state and the MAGA wing of the GOP have stopped Ford and Tesla from bringing in NIO partner CATL to operate their factories. So thats a BIG edge for NIO
If you're not buying NIO the best EV made on planet earth for a dollar over its 2014 IPO price, you're only costing yourself. At this price you dont trade it, you let it make you 1000%
Yeah China stocks due for a bounce... dance close to the door though.
EVERY share sold at this price is like giving a $5 bill away with it
NIO will be the only EV maker to report a 75% Sales increase for Q3 and then watch this stock.
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?