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BUZZ-China ADRs jump on fresh China stimulus measures

Reuters
Sep 24, 2024

** U.S.-listed shares of Chinese companies jump premarket after Chinese policymakers unveil biggest stimulus measures since COVID-19 pandemic

** E-commerce firms Alibaba Group Holding , JD.com

, PDD Holdings up between 5% and 7.2%

** Gaming stock Bilibili up 6%, search engine giant Baidu gains 3.7%

** EV firms Li Auto , Nio , Xpeng gain between 5.4% and 7.8%

** Chinese stocks surge after stimulus announced; blue-chip CSI300 and the Shanghai Composite indexes jump over 4% each

** Analysts warn more fiscal help needed to stimulate faltering growth

** Exchange-traded funds tracking China stocks gain: iShares MSCI China ETF up 4.6%, KraneShares CSI China ETF

up 4.9%

(Reporting by Lisa Mattackal in Bengaluru)

((LisaPauline.Mattackal@thomsonreuters.com))

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