'Fast And Furious Rally' Pushes Chinese Stocks To Double S&P 500 Performance Year To Date

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Some of the largest beneficiaries were blue-chip companies like Kweichow Moutai, which jumped 39% (adding $88 billion in market cap), Tencent Holdings ADR (OTC:TCEHY), which climbed 15% (adding $70 billion) and Alibaba Group Holding Ltd.– ADR (NYSE:BABA), which surged 27%, increasing its market value by $58 billion.

Year-To-Date Performance: MSCI China Doubles S&P 500

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United StatesChina

Topics: Expert Ideas Stories That Matter BABA CQQQ Benzinga ETFs CNYA PGJ US78463X4007 GXC Asia US73935X4016 Tech SPY Interest Rates US78462F1030 MCHI Global Large Cap Econ #s CXSE US18383Q1351 Bank of America KWEB ASHR FXI TCEHY Emerging Market ETFs Top Stories US46429B6719 Winnie Wu US4642871846 Willie Chan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-07 @ 17:49:12 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 677 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22929564

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