Geely Automobile Holdings Ltd., one of China's leading automakers, experienced a remarkable surge of 11.71% in its stock price on October 10th, riding on the wave of a broad market rally and expectations of further government stimulus measures.
The Hong Kong stock market witnessed a significant upswing, with the Hang Seng Index climbing 2.98% and the Hang Seng Tech Index rising 2.05%. This positive market sentiment played a crucial role in propelling Geely Auto's shares higher.
Fueling the market's enthusiasm was China's central bank's announcement of a 500-billion-yuan swap facility, allowing securities, fund, and insurance firms to access liquid assets for stock purchases. This stimulus package, part of a broader economic support initiative, ignited a rally in equities across various sectors, including the automotive industry.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。