China-Focused ETFs, Stocks Boosted by Beijing's Big Stimulus Package
BABA(BABA) Investopedia·2024-09-24 23:50
KEY TAKEAWAYSChina-focused exchange-traded funds (ETFs) and U.S. listed-Chinese stocks surged Tuesday, buoyed by Beijing's broad stimulus package to boost the country's sluggish economy.The 4 billion in assets were both up around 6%.The measures included cuts in a key short-term interest rate and lower rates on existing mortgages amid an economic slowdown driven by a housing market slump.China also lowered th ...