JD.Com Inc JD shares are trading higher by 3.7% to $30.92 Friday morning. U.S.-listed Chinese stocks are trading higher during Friday's session amid renewed hopes of economic growth in the region.
Per a report by Bloomberg, China is in the process of implementing a new property policy within a test city being developed under the leadership of President Xi Jinping, situated on the outskirts of Beijing.
This strategic initiative seeks to provide stability to a housing market that has been rattled by the continuing challenges posed by a credit crisis.
In recent months, China has implemented a series of targeted stimulus measures aimed at revitalizing the sluggish real estate sector, amid growing concerns of potential default by one of the country's prominent property developers.
See Also: Why Alibaba Stock Is Trading Higher On Friday?
According to data from Benzinga Pro, JD.Com has a 52-week high of $67.10 and a 52-week low of $29.51.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
