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Putting half of his wealth into Chinese concept stocks, 'The Big Short prototype' Michael Burry made a profit this time.
As of June 30th, stocks of Alibaba, baidu, and jd.com together account for about 46% of Burry's entire investment portfolio. Billionaire investor David Tepper previously stated that now is the time to 'buy everything', as Chinese stocks still have a lot of upside potential.
Sector Update: Consumer Stocks Mostly Higher Pre-Bell Friday
US stock market outlook | As expected! USA's core PCE in August rose by 2.7% year-on-year, short-term pull-up of the three major index futures; Making a fortune! Well-known major short sellers bet on Chinese concept stocks to usher in a glorious moment
Before the market opened on Friday, the three major equity index futures fell slightly, with the market waiting for PCE data; tesla's 0-interest car purchase event was postponed again; jd.com continued to rise by over 2% before the market, Alibaba and jd.com will open up to each other.
This week in the US stock market | China's assets experience a "big carnival", goldman sachs and other major banks are all bullish! Ke Holdings surged nearly 40% during the week, with jd.com and pdd holdings rising by about 30%.
This week, the Dow Jones Industrial Average rose by 0.27% to 42175.11 points; during the same period, the S&P 500 index rose by 0.75% to 5745.37 points; the Nasdaq index rose by 1.35% to 18190.29 points during the same period.
Alibaba, JD Shares Riding High In Friday Pre-Market: What's Going On?
U.S. stocks anomaly | jd.com continued to rise more than 4.3% before the market, poised to hit a new high in nearly a year. Alibaba and jd.com will open up to each other.
Gelonghui on September 27th | jd.com (JD.US) pre-market trading continued to rise by more than 4.3%, reaching $39.64, and is expected to reach a nearly one-year high after the opening. In terms of news, Taobao Tmall will officially integrate jd.com logistics, expected to go live in mid-October. After that, when Taotian merchants in the system choose the shipping method for products, there will be an additional option for jd.com logistics. At the same time, jd.com will also integrate Cainiao Express and Cainiao Post Stations - both of which are Cainiao's self-operated express brand and parcel collection site. In addition, jd.com will officially integrate Alipay payment, expected to be launched on the eve of the november 11 shopping festival.