Home » The Fed’s interest rate hike landed in a frenzy in Chinese stocks | Global Connection

The Fed’s interest rate hike landed in a frenzy in Chinese stocks | Global Connection

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First Financial 2022-03-17 16:02:04

Editor in charge: Hao Yunying

The Fed raised interest rates as scheduled, and Chinese concept stocks continued to rebound overnight, with the Nasdaq China Golden Dragon Index closing up nearly 33%. A number of Chinese concept stocks are soaring, 21Vianet rose by more than 83%, Zhihu rose by more than 79%, Kingsoft Cloud rose by more than 72%, Pinduoduo, iQiyi, Bilibili, JD.com, Baidu, Alibaba, etc. rise. Have the Chinese concept stocks that fell sharply in the early stage stabilized?

The Fed’s interest rate hike landed in a frenzy in Chinese stocks | Global Connection

The Fed raised interest rates as scheduled, and Chinese concept stocks continued to rebound overnight, with the Nasdaq China Golden Dragon Index closing up nearly 33%. A number of Chinese concept stocks are soaring, 21Vianet rose by more than 83%, Zhihu rose by more than 79%, Kingsoft Cloud rose by more than 72%, Pinduoduo, iQiyi, Bilibili, JD.com, Baidu, Alibaba, etc. rise. Have the Chinese concept stocks that fell sharply in the early stage stabilized?

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