Alibaba, Temu Parent PDD Tumble as China's Lack of Fresh Stimulus Disappoints
BABA(BABA) Investopedia·2024-10-09 00:40KEY TAKEAWAYSChinese stocks tumbled Tuesday after China reopened after a week-long holiday and disappointed investors hoping for further stimulus measures.During a key policy meeting, the Chinese government reportedly said it would speed up spending but otherwise didn't offer much new information.The iShares MSCI China ETF fell more than 11% intraday Tuesday. Chinese stocks tumbled Tuesday after China reopened after a week-long holiday and disappointed investors hoping for further stimulus measures. During ...