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Express News | In Overnight Trading, U.S.-Listed Chinese Stocks and ETFs Surge After China's Official Announces Series of Policies; DUO Surges 17%, BEKE Rises 4%; Alibaba, JD and Bilibili Rise 2%, YINN Up 4%, CWEB Rises 3%
After ongoing fluctuations, the market may be nearing a directional choice, with the AI, Siasun Robot&Automation, and other Technology growth sectors likely to rebound.
Looking back at the market situation before the festival, the market has been in a state of fluctuating consolidation, and the atmosphere of market observation remains quite strong.
The record for the "hottest" in history has been refreshed, with the tourism market blossoming in multiple areas during the May Day holiday.
1. Multiple OTA platforms such as Qunar and TONGCHENGTRAVEL report that this year's "May Day" domestic tourism market has set a record for being the "hottest ever." 2. Orders for inbound travel during "May Day" have doubled, and some travel agency guides have already scheduled tours until late June. Cruise travel is recovering, and cabin availability for "May Day" voyages has sold out early.
Express News | U.S.-listed Chinese stocks surge in overnight trading, with Alibaba up over 4%.
In Q1, HAIER SMARTHOME's revenue increased by 10% year-on-year, net profit grew by 15%, and the high-end brand Casarte saw an increase of over 20% | Earnings Reports insights.
In the first quarter, HAIER SMARTHOME achieved double growth in income and profit, and the digital inventory and digital marketing transformation in the China market continues to advance. The high-end brand Casarte saw an increase of over 20%, and the overall revenue in overseas markets grew by 12.6%.
The market may reach a critical juncture in the short term, with Banks and Electrical Utilities showing repeated activity, and the Technology Sector poised to take off.
Track the entire lifecycle of the main Sector.
HopelessChi : the Chinese is unable to save its own economy. back to covid and back to battling the low consumer spending and etc. the passive mode will trigger the downfall of its internal companies in no time. investor see actions and they don't.
bullrider_21 OP HopelessChi : China is only now gradually recovering from reopening from the zero- Covid policy. Consumption will return. SOEs will recover. China is having problems because of the U.S. suppression on Chinese companies.
While China will grow at 5% this year, U.S. will grow at less than 2%. Don't expect China to help out the U.S. this time like what they did in 2008.
The U.S. keeps printing money. Robert Kiyosaki said it will be like toilet paper in the future.