Chinese Stocks Are Soaring, but So Are These 3 Dividend Stocks That Are Up Between 5% and 16% in 3 Days
Albemarle(ALB) The Motley Fool·2024-10-01 16:30
Industrial, materials and consumer discretionary companies with exposure to China stand to benefit from stimulus.China just released a stimulus package to help the country reach its 5% economic growth target for 2024 and jolt its struggling housing and equity markets. The announcement came after the U.S. Federal Reserve unveiled a 50-basis-point (0.5%) rate cut to counter rising unemployment and help consumers who have been hit hard by inflation and soaring housing costs.The stimulus package led to a surge ...