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Chinese tech stocks rallied Wednesday, with major players like Alibaba (BABA), JD.com (JD), PDD Holdings (PDD), Baidu (BIDU), and Li Auto (LI) all posting gains. The surge follows a series of economic stimulus measures and fiscal policies recently implemented by the Chinese government aimed at boosting the nation's economy. Morning Brief co-hosts Seana Smith and Madison Mills breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Alibaba stock and shares of rival JD.com extended their rallies Wednesday, helped by optimism about Chinese economic stimulus.
Chinese stocks (BABA, BIDU, TCEHY, MPNGY, JD) are building on this week's rally following the announcement of Beijing's economic stimulus plan. Akiko Fujita joins Morning Brief to break down the stimulus measures and discuss whether the stocks' momentum can be sustained. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl