Why Chinese Tech Stocks Continue to Rally
BILIBILI(BILI) The Motley Fool·2024-10-02 18:35
Shares of Chinese tech and consumer names continued their vicious rally.Shares of Chinese tech leaders Tencent (TCEHY 4.93%), JD.com (JD 3.52%), and Bilibili (BILI 8.94%) rallied again today, up 4%, 3%, and 9.3%, respectively, as of 12:04 p.m. ET.Chinese stocks have been on a tear ever since last week's big stimulus announcements. But China stocks continued to rally this week, as each new day seemingly brings news of more stimulus measures, and Chinese stocks remain much cheaper than other markets around th ...