Chinese Stocks Dominate - JD.com And Temu Parent PDD Are Among Top 10 Large Cap Gainers Last Week (Sept 23-Sept 27): Are The Others In Your Portfolio?

Last week, China's central bank shared plans to cut banks' reserve requirement ratio (RRR) by 50 basis points or half a percentage point, boosting US-listed Chinese companies' stocks across sectors.

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?

1. JD.com, Inc. JD shares rocketed 39.75% after the People's Bank of China announced a reduction in the amount of cash banks need to hold and outlined plans to support the struggling property market.
2. KE Holdings Inc BEKE stock jumped 39.18% following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.
3. PDD Holdings Inc. PDD shares upped 35.52%, probably following a report suggesting that China will issue up to $284 billion in sovereign debt as part of a stimulus.
4. Liberty Broadband Corporation's LBRDA stock increased 31.74% after the company announced it had communicated a counterproposal to the special committee of the board of directors of Charter Communications, Inc. CHTR. 
5. Yum China Holdings, Inc. YUMC stock upped 27.64% on China's stimulus.
6. H World Group Limited HTHT stock upped 26.43% on pin action in Chinese stocks.
7. Trip.com Group Ltd TCOM stock gained 26.02% in the last week on pin action in Chinese stocks.
8. Nio Inc NIO gained 23.48% last week, joining the rally in Chinese stocks, which was boosted by the government stimulus plans.
9. Wynn Resorts, Limited WYNN stock upped 22.47% following Morgan Stanley's upgrade from Equal-Weight to Overweight and raising the price target from $97 to $104.
10. Baidu Inc BIDU gained 21.95% by joining the rally in Chinese stocks, which got a boost from the government stimulus plans.

Alibaba Group Holding Ltd BABA and Li Auto Inc LI also joined the Chinese stock rally last week, each gaining over 20%.

Also Read:

• Regeneron Pharma, Super Micro Computer And Global Payments Are Among Top 10 Large Cap Losers Last Week (Sept 23-Sept 27): Are The Others In Your Portfolio?

Photo by Eric Prouzet on Unsplash