Chinese Tech Stocks Surge Amid Economic Stimulus Policies, BABA Leads Growth
BABA(BABA) Gurufocus·2024-10-04 12:11Recently, Chinese technology stocks have experienced a significant surge following the announcement of economic stimulus policies by the Chinese government. New buying activity has been identified as the primary driver of this growth, according to data from S3 Partners and JPMorgan.American Depositary Receipts (ADRs) of major Chinese tech companies like Alibaba (BABA, Financial), JD.com (JD), and Baidu (BIDU) have seen little change in short positions, suggesting that short covering has not been a major fac ...