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Chinese stocks pulled back again after ... (EV) leader Li Auto (NASDAQ: LI) plunged today, down 6.1%, 4.8% ... Should you invest $1,000 in PDD Holdings right now? Before you buy stock in PDD ...
Industrial companies and the finance sector in particular should feel the impact of lower interest rates and other new economy-boosting measures.
China’s blue-chip CSI 300 index, comprising 300 major stocks listed in Shanghai and Shenzhen, also fell 4.6%, notching its worst week since October 2022. The index is down 7% year-to-date.
On Friday, China’s central bank, the People’s Bank of China (PBOC), decided to maintain its main benchmark lending rates amid efforts to support economic growth while managing a weakening yuan.
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In the wake of these adjustments, the World Bank raised its growth forecast for China's economy in 2025 from 4.1% to 4.5%. Still, investors remain in a wait-and-see mode for a more significant ...
China stocks were lower Wednesday after the overnight United States inflation report that signaled a diminished possibility of the Fed's rate cut made investors cautious. Hong Kong stocks edged ...
The market is getting tired of wait-and-see from the country's officials.