Stock Track | WB-SW Soars 13% as Chinese Stocks Rally on Beijing's Economic Stimulus

Stock Track

Sep 30, 2024

Shares of WB-SW (NASDAQ: 09898) surged 13.49% in premarket trading on Monday, leading a broader rally in U.S.-listed Chinese stocks fueled by recent stimulus measures announced by Beijing aimed at reviving the country's economy.

The equity market rally in China swept across major sectors such as e-commerce, electric vehicles, gaming, search engines, online brokers, online education, and social media, as investors cheered the government's efforts to boost economic growth. Companies like Alibaba, JD.com, Li Auto, Nio, Bilibili, Baidu, Futu Holdings, and TAL Education Group witnessed significant gains.

While WB-SW's shares experienced a substantial spike, the news did not provide specific details on how the company's business operations could directly benefit from the economic stimulus measures. However, as a major player in the Chinese market, WB-SW is likely to benefit from the overall improvement in consumer sentiment and economic activity resulting from the government's support.

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However, as a major player in the Chinese market, WB-SW is likely to benefit from the overall improvement in consumer sentiment and economic activity resulting from the government's support.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | WB-SW Soars 13% as Chinese Stocks Rally on Beijing's Economic Stimulus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | WB-SW Soars 13% as Chinese Stocks Rally on Beijing's Economic Stimulus\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-09-30 23:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of WB-SW (NASDAQ: 09898) surged 13.49% in premarket trading on Monday, leading a broader rally in U.S.-listed Chinese stocks fueled by recent stimulus measures announced by Beijing aimed at reviving the country's economy.</p>\n\n<p>The equity market rally in China swept across major sectors such as e-commerce, electric vehicles, gaming, search engines, online brokers, online education, and social media, as investors cheered the government's efforts to boost economic growth. Companies like Alibaba, JD.com, Li Auto, Nio, Bilibili, Baidu, Futu Holdings, and TAL Education Group witnessed significant gains.</p>\n\n<p>While WB-SW's shares experienced a substantial spike, the news did not provide specific details on how the company's business operations could directly benefit from the economic stimulus measures. However, as a major player in the Chinese market, WB-SW is likely to benefit from the overall improvement in consumer sentiment and economic activity resulting from the government's support.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09898","symbol_name":"微博-SW","start_time":0,"source_url":"","article_id":"1128763728","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128763728","pubTimestamp":1727711684,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of WB-SW  surged 13.49% in premarket trading on Monday, leading a broader rally in U.S.-listed Chinese stocks fueled by recent stimulus measures announced by Beijing aimed at reviving the country's economy.The equity market rally in China swept across major sectors such as e-commerce, electric vehicles, gaming, search engines, online brokers, online education, and social media, as investors cheered the government's efforts to boost economic growth. 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