2 China-Based Stocks in the Midst of Steep Pullbacks
BABA(BABA) Schaeffers Investment Research·2024-11-15 01:30
While Wall Street has enjoyed a post-election rally, U.S.-listed Chinese stocks haven't fared so well. Donald Trump's U.S. presidential victory came with promises of higher tariffs for China, but the country's fiscal stimulus package is also weighing on equities. Specifically, China's National People's Congress announced 10 trillion yuan ($1.4 trillion) in a debt swap program to help local governments overcome debt burdens, but investors were underwhelmed by the lack of measures to help the housing market a ...