Published on 11 Nov 2024 on Benzinga
What's Going On With China-Based Stocks Alibaba, JD.com, PDD Holdings, Baidu,...
Shares of U.S.-listed, China-based stocks ended the session mixed on Monday during more Chinese stimulus measures and uncertainty surrounding potentially higher tariffs from the incoming Trump administration. Here's a look at what's going on.
What To Know: The Chinese government announced another stimulus package last Friday to include six trillion yuan ($840 billion) to ease local governments' hidden debt burdens. China-based stocks ended lower Friday after the new stimulus package failed to impress investors who expected over 10 trillion yuan ($1.39 billion) in financial support.