BYD, Xpeng lead Hong Kong stock gains on record EV sales as traders eye fresh stimulus

Quick Summary:

China’s top legislative body could deliver a much-awaited fiscal stimulus this week, while the Fed is seen extending its monetary easing.

The Federal Reserve’s open market committee will meet on November 6 and 7.

Rates traders are betting on a 25-basis point cut, according to odds compiled by CME Group.

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Article Details

Author / Journalist: Aileen Chuang

Category: Business

Markets: Hong KongChina

Topics: Rates Hang Cent Sales Week Traders Record Federal Index Stocks Rose

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 10:41:42 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 282 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23387329

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