China Uncorks Stimulus; Alibaba, JD, Nio, FCX, ALB Join The Party

By Investor's Business Daily | Sep 24, 2024 at 09:22 AM EST

Beijing introduced new stimulus measures to boost its economy, sparking a global stock market rally. China's central bank cut mortgage rates and reserve ratios, aiming to free up liquidity and support the property market. Stocks like Alibaba, Freeport-McMoRan, and Caterpillar benefited from the stimulus.

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