Chinese electric vehicle (EV) makers Nio (NIO) and Li Auto (LI) also lost ground, declining between 5% and 7%. UPDATE—Nov. 8, 2024: This article has been updated to include fresh stock prices.
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Why China’s Stimulus Disappointed. The economic package consisting of a debt swap to rescue local governments fell short of what investors had hoped for, sending large-cap Chinese stocks down.
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That sparked hope of a Chinese equities comeback, but waves of subsequent stimulus have met with disappointment and ... more oomph to its economy. With stock valuations cheap, there’s ...