Why Chinese Stocks Are Ripping Higher Today

Top Chinese officials are indicating further support for the Chinese economy after implementing new stimulus measures earlier this week.Another day and more news about Chinese stocks. The group ripped higher after Chinese leaders pledged further support for the Chinese economy following an unexpected meeting Thursday.Shares of the fast food company Yum China (YUMC 14.82%) surged as much as 20% this morning before giving away some of those gains. Meanwhile, shares of the e-commerce company PDD Holdings (PDD ...