KWEB Nov 2024 28.000 put
| Previous Close | 0.4300 |
| Open | 0.3500 |
| Bid | 0.2100 |
| Ask | 0.2900 |
| Strike | 28.00 |
| Expire Date | 2024-11-15 |
| Day's Range | 0.2400 - 0.3800 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 3.77k |
- Yahoo Finance Video
China stocks jump as political leaders pledge to shore up economy
Shares of China stocks (BABA, JD, PDD) are rising after some of the country's top political leaders pledged to shore up the country's economy. Market Domination Hosts Julie Hyman and Josh Lipton dig into the stocks' movement after the People's Bank of China unveiled new stimulus measures in an effort to recover its struggling economy. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- Yahoo Finance Video
Why investor concerns about US-China tensions are 'overblown'
KraneShare senior investment strategist Anthony Sassine joins Market Domination to discuss how investors can best navigate the Chinese equities market as it looks to recover its struggling economy. Sassine sees the political tensions between the US and China as an issue for the market. He explains, "the two countries are very interrelated, and especially for the long term, these are the two biggest economies, the two biggest trade partners. So at some point, these [tensions] are going to be resolved." He notes that the current policies' impact on China's earnings has been "minimal" because many companies do not conduct business in the US. Thus, he believes that these hesitations are "a little bit overblown." He adds that the downside in some of China's biggest names has been limited, explaining that the bad news has already been priced in. "I don't see any more downside except for something extraordinary happening. So you're only left with the upside here. When policy starts targeting consumption and when you start seeing the recovery of consumption and recovery in earnings, especially revenue growth, you're going to see Chinese equities react positively here, especially because of the very low valuation, very low positioning," Sassine explains. He believes that China's stimulus efforts will affect all industries, and will ultimately help recover a weak consumer. "This is going to trickle down across the board," Sassine tells Yahoo Finance, highlighting A-shares, domestically-listed companies on the Shanghai and Shenzhen stock exchanges, as a good opportunity for investors. He also points to KraneShare's KWEB (KWEB) ETF as another opportunity, arguing it has "more upside to go." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
MoneywiseElon Musk claims there are ‘far more’ smart, hardworking people in China than in the US
Should you turn your attention to the world's second largest economy?
