Chinese stocks rise as inflation unexpectedly increases, with Alibaba, JD.com, and Baidu all up

From Google: 2024-08-09 10:03:00

Alibaba, JD.com, and Baidu stock prices rise following China’s unexpected inflation rise. Alibaba’s stock is up 2.8%, JD.com 3.3%, and Baidu 3.6%. This comes as China’s inflation hits a 13-year high. Prices rising faster than expected could lead to a hawkish stance on monetary policy.



Read more at Google: Alibaba, JD.com, Baidu Stocks Up After China Inflation Surprise – Barron’s