Chinese Stocks Dominate Mid Cap Space - Bilibili And XPeng Are Among Top 7 Mid Cap Gainers Last Week (Sept 23-Sept 27): Are The Others In Your Portfolio?
Core Viewpoint - China's central bank has announced a 50 basis points cut in banks' reserve requirement ratio (RRR), leading to a significant boost in the stocks of U.S.-listed Chinese companies across various sectors [1] Group 1: Stock Performance - Lufax Holding Ltd (LU) shares increased by 23.48% [1] - Bilibili Inc. (BILI) shares surged by 32.47%, likely due to expectations of China issuing up to 284 billion in sovereign debt [1] - MP Materials Corp. (MP) stock increased by 32.40% after Baird raised its price forecast from 25 [1] - Rocket Lab USA, Inc. (RKLB) stock rose by 30.92% following several analysts raising their price forecasts [1]