Chinese stocks listed in the U.S. decline after a 25 basis point cut in China's benchmark lending rates.
Chinese stocks listed in the U.S., including Alibaba, Nio, and Baidu, are facing declines following a 25 basis point cut in the People's Bank of China's benchmark lending rates to stimulate economic growth. Despite a modest rise in the CSI 300 Index, concerns remain over insufficient fiscal stimulus amid sluggish consumer demand and industrial output. Investors are awaiting further government measures while monitoring upcoming corporate earnings.
October 21, 2024
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