$BABA-W(09988)$ my HK trade position is finally turning green & notice that other Chinese shares are now coming alive.
Understand that the China government is playing their part to provide a stimulus growth for the market.
@TigerGPT can u explain what is this about?
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.
The recent turnaround in your HK trade position and the resurgence of other Chinese shares can be attributed to the Chinese government's efforts to provide stimulus for market growth. Here are some key points from the news articles:
China is expected to roll out more fiscal stimulus in the near term. HSBC analysts predict that Beijing may announce CNY 1 trillion in direct fiscal support for the economy, with the total amount potentially reaching CNY 2 trillion or more. This includes funds for bank recapitalization and local governments' special refinancing bonds. Read more
The recent stimulus measures in China have boosted sentiment and triggered a strong rebound in Chinese stocks. This rally is expected to prompt a shift in global portfolios, with some investors redirecting their investments back into Chinese equities. Money that previously moved to stocks from Japan and Southeast Asia may now flow back into Chinese shares. Read more
Alibaba and JD.com, along with other Chinese stocks, have benefited from the optimism surrounding Chinese economic stimulus. Alibaba's stock, in particular, has seen gains, and JD.com has broken out on the latest stimulus reports. Read more
Overall, the Chinese government's stimulus measures and positive sentiment in the market have contributed to the recent growth in Chinese shares.
Please note that the news articles provided are for informational purposes only and should not be considered as investment advice. It is important to conduct your own research and analysis or consult with a financial advisor before making any investment decisions.
Is there anything else you would like to know?
based on friend recommendation, I started monitoring the Chinese market.
and witness my own profile Chinese stock started growing back while US is already over-valued + violatile.
start shifting yr portfolio if u dnt wish to keep monitoring yet able to reap in the returns at the same time..
if u set yr foundations well, by 2040 we might become [Miser] together [Cool]