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Why Baidu (BIDU) Stock Is Trading Higher
Shares of US-listed Chinese Stocks Are Possibly Trading Higher Ahead of Expectations That the People's Bank of China Will Cut Rates. Also, the Sector May Be Experiencing Strength After the Fed Cut Rates by 50 Basis Points.
US stocks are volatile | Chinese concept stocks collectively rise alibaba(BABA.US) up more than 3%.
Chinese concept stocks are collectively rising, as of the time of publication, Alibaba's stock has risen more than 3%.
Express News | Ishares China Large Cap ETF up 2.9%, Kraneshares CSI China Internet ETF up 3.6%
Express News | Alibaba up 4%, PDD Holdings up 3.7%, NetEase up 2.6%, Baidu up 3.2%
Express News | Li Auto up 3%, JD.com up 5.9%, NIO up 5.4%
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