Stock Track | Vipshop Soars 6.11% in Pre-Market as China Announces Monetary Policy Easing to Spur Growth

Stock Track
2024-12-09

Vipshop Holdings Ltd. (VIPS) saw its stock surge 6.11% in pre-market trading on Monday, following China's announcement of a shift towards an "appropriately loose" monetary policy to support economic growth in 2025.

According to state media reports, China's Politburo meeting outlined plans to implement a more proactive fiscal policy and "unconventional" counter-cyclical adjustments to drive domestic demand and consumption. This marks the first such easing of monetary policy stance since 2010, after the 2008 global financial crisis.

The policy shift boosted sentiment in Chinese stocks and ETFs, with e-commerce giants like Alibaba and JD.com rallying 5-7% in pre-market trading. As a leading e-commerce player focused on discounted merchandise, Vipshop stands to benefit from potential revival in consumer spending driven by the looser monetary environment.

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