It’s been three weeks since Beijing ordered the reopening of China’s borders to the world, and Chinese stocks are rallying.
The world’s second largest economy abruptly ended three years of strict zero-COVID policies late last year, causing a massive spike in COVID cases.
JD.Com, Inc (NASDAQ: JD) prepared to discontinue all services in Indonesia and Thailand in March for reasons undisclosed, the related websites reflected.
On CNBC, Laura Wang of Morgan Stanley said we’re getting "more bullish" on Chinese stocks after turning constructive on the country’s markets at the start of December last year.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Trading in the U.S. index futures suggests a weak start to the week after stocks rose solidly in the week ended Jan. 13. The negative sentiment underlines caution among traders as they look forward to the fourth-quarter earnings reports for trading cues.
Last year was one of the worst years for equities, with all three major indexes having their worst year since 2008, cutting a three-year winning streak.
A whale with a lot of money to spend has taken a noticeably bullish stance on JD.com.
Looking at options history for JD.com (NASDAQ:JD) we detected 78 strange trades.
Shares of several Chinese companies are trading higher Wednesday after Chinese regulators reportedly approved a capital raise for Alibaba Group Holding Ltd (NYSE: BABA) co-founder