LI Stock Rises on Chinese Stimulus and Strong Deliveries
LILI AUTO(LI) Gurufocus·2024-10-05 02:25

Stocks of several Chinese companies have experienced notable movement this week, primarily spurred by China's expanded stimulus plans. Li Auto (LI, Financial) recorded a price increase of 0.24%, reflecting investor optimism in the broader economic context. The announcement of stimulus measures totaling approximately $1.07 trillion, equivalent to about 6% of China’s GDP, has been viewed positively, indicating potential economic growth and increased domestic demand, particularly in the automotive industry.Li ...