China announces $563 billion stimulus package for infrastructure projects and tax cuts, benefiting EV and semiconductor companies.

From Google: 2024-09-28 11:15:00

1. China announces a stimulus package worth $563 billion to boost its economy. This package will focus on infrastructure projects and tax cuts to spur growth.

2. Electric vehicle maker NIO sees a boost in stock prices after the Chinese stimulus package announcement. NIO shares have surged by 9.9% as investors anticipate increased demand for EVs.

3. Semiconductor company Nvidia is also benefitting from the Chinese stimulus package. Nvidia stock rose by 2.2% as investors predict higher demand for chips in infrastructure projects.

4. Investors are eyeing opportunities in Chinese stocks like Tencent and Alibaba after the stimulus package announcement. These companies could see increased revenue from the infrastructure projects funded by the stimulus package.



Read more at Google: 3 Stocks to Buy After the Chinese Stimulus Package – AOL