What's Going On With Chinese Stocks Alibaba, NIO, XPeng, Li Auto On Wednesday?

By Yahoo! Finance | Oct 2, 2024 at 10:24 AM EST

China's central bank announced plans to reduce banks' reserve requirement ratio and lower rates, benefiting companies like Alibaba. The stimulus also boosts Chinese electric vehicle stocks. Investors should consider factors like revenue growth and valuation when buying stocks.

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