CHINA-BOUNCE-BACK-
OH Xi no like what happened yesterday to countries stocks-!
A day after they were
thrashed on concerns over President Xi Jinping's third-term as leader, many of China's largest tech stocks, including Alibaba (NYSE:
BABA), JD.com (NASDAQ:
JD) and others, rose after the People's Bank of China said it would study new policies to support the weakening economy.
Without making firm commitments, the People's Bank of China said it would
safeguard the development of its domestic stock, bond and housing markets, while also looking at new policy measures to help sectors that have been hit by COVID-19.