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?

Lekha Gupta

September 29, 2024

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?

JD.com, Inc. (NASDAQ: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.
KE Holdings Inc (NYSE:BEKE) stock jumped 39.18% following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.
PDD Holdings Inc. (NASDAQ: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.
Liberty Broadband Corporation's (NASDAQ: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. (NASDAQ:CHTR).
Yum China Holdings, Inc. (NYSE:YUMC) stock upped 27.64% on China's stimulus.
H World Group Limited (NASDAQ:HTHT) stock upped 26.43% on pin action in Chinese stocks.
Trip.com Group Ltd (NASDAQ:TCOM) stock gained 26.02% in the last week on pin action in Chinese stocks.
Nio Inc (NYSE:NIO) gained 23.48% last week, joining the rally in Chinese stocks, which was boosted by the government stimulus plans.
Wynn Resorts, Limited (NASDAQ:WYNN) stock upped 22.47% following Morgan Stanley's upgrade from Equal-Weight to Overweight and raising the price target from $97 to $104.
Baidu Inc (NASDAQ:BIDU) gained 21.95% by joining the rally in Chinese stocks, which got a boost from the government stimulus plans.

Alibaba Group Holding Ltd (NYSE:BABA) and Li Auto Inc (NASDAQ: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

Recommended

Global Demand for Defense Metals Is Surging 7X - Ad

Trump Issues Surprise Emergency Order - Ad

Weiss Gold Veteran Makes Shocking New Call - Ad

Economist Justin Wolfers pushed back against President Donald Trump's recent tariff claims, criticizing them for being misleading.

Trump Says US Could 'Completely' Or 'Substantially' Cut Income Tax Over Couple Of Years Thanks To 'Large' Tariff Revenues

President Donald Trump hinted at a sweeping shift in U.S. federal tax policy, suggesting that the massive tariff revenues that the government is earning could go towards offering significant relief for low and middle-income taxpayers.

Why Is a $116B Mining Giant Backing a $10M Firm?

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

Trump Confirms One Of The National Guard Members Ambushed Near White House Has Died After 'Terrorist Attack'

Trump said a National Guard member died after Afghan national opened fire near White House. Trump blames immigration vetting failures, orders review.

Bitcoin Steady On Thanksgiving; Ethereum, Dogecoin, XRP Dip: Analyst Zeroes In On 'Support That Matters' For BTC

Leading cryptocurrencies paused on Thanksgiving as trading volumes eased over the holiday break.

85% Off Proven Crypto Timing Model - This Weekend Only!

85% Off Proven Crypto Timing Model - This Weekend Only! - Ad

Juan Villaverde's crypto timing model has called every major market turn since 2012. It's now signaling the next big move, and he believes these coins could have big upside. With the market at a critical moment, you can access his latest signals this weekend for just $19.

Dogecoin Still Trapped In 'Third-Wave' Deadlock? Meanwhile, Popular Analyst Sees This Level As 'Main Resistance'

Dogecoin (CRYPTO: DOGE) pulled back on the Thanksgiving holiday, alongside a sharp decline in trading activity.

S&P Calls Tether 'Weak' — Meanwhile It's Buying More Gold Than Central Banks

Tether (CRYPTO: USDT) just got slapped with the lowest possible stability score from S&P G

Trump Signs Law to Launch Dollar 2.0

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Marjorie Taylor Greene Goes Bargain Shopping, Discloses Buying These Two Stocks At 52-Week Lows

Congresswoman Marjorie Taylor Greene disclosed some new stocks recently. Unlike past trades in 2024 and 2025, the latest disclosure is rather unique.

Trump attacks ABC News correspondent Mary Bruce in angry response to three sharp questions

NEW YORK (AP) — President Donald Trump denounced ABC News' Mary Bruce as a “terrible reporter” Tuesday and threatened the network's license to broadcast after she asked him three sharp questions at the White House.

Is Nvidia About to Spark Another 150X Opportunity This Black Friday?

Is Nvidia About to Spark Another 150X Opportunity This Black Friday? - Ad

Nvidia once handed investors the chance to make 150X on its breakthrough AI chips. Now, legendary investor Louis Navellier says a new invention-perfectly timed for Black Friday-could be even bigger.

Trump-Pardoned Ponzi Schemer Faces 37-Year Sentence For $44 Million COVID Scam

A previously convicted Ponzi schemer who had received a pardon from President Trump is heading back to prison due to involvement in a new fraudulent scheme.

Schwab: Half Of US Investors May Ditch Other Assets For ETFs — 4 Funds To Watch

Nearly half of ETF investors could go all-ETF within five years, Schwab says. Here's how they're building portfolios with funds like ITOT, BND, and XLK.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after January 29, it may be too late.

Joan Branson, wife of British billionaire Richard Branson, dies at 80

Joan Branson, the wife of British billionaire Richard Branson, has died at age 80.

Trump Withdraws Support For 'Wacky' Marjorie Taylor Greene In Sudden, Fiery Split: 'I Can't Take...'

President Donald Trump said he is withdrawing his endorsement of longtime ally Rep. Marjorie Taylor Greene — here's what happened.

"Tech Prophet" Who Predicted the iPhone Now Predicts...

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Wendy's to close hundreds of US stores in bid to halt falling profit

Wendy’s plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit.

California revokes 17,000 driver's licenses. But the state disputes it is over immigration concerns

California plans to revoke 17,000 commercial driver’s licenses given to immigrants after the Trump administration raised concerns about people in the country illegally receiving licenses to drive a semitruck or a bus. But Gov. Gavin Newsom said that isn't the reason.

Legally "Skim" $6,361 Into Your Account?

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

AT&T reached a $177M data breach settlement. What consumers should know about claiming their money

NEW YORK (AP) — AT&T has reached a combined $177 million settlement over two . And impacted consumers have a little over a month left to file a claim for their chunk of the money.

Scott Bessent Says No 'Formal Proposal' Yet From Trump On Plan To Scrap Obamacare As President Pushes For Direct Payments

No formal proposal for Obamacare replacement plan seen by Treasury Secretary Bessent, despite Trump's call to redirect funds to Americans.

Global Demand for Defense Metals Is Surging 7X

Global Demand for Defense Metals Is Surging 7X - Ad

Lithium, uranium and titanium are at the center of a global race. Nations are scrambling to secure them for fighter jets, EVs, and reactors. One N. American project could help fill the West's critical-minerals gap.

Donald Trump Fueled Bitcoin's Rise Beyond $100,000 — Can BTC Survive His 2028 Exit?

Bitcoin (CRYPTO: BTC) may face its biggest political stress test yet in 2028 when President Donald Trump leaves office and the pro-crypto admin

TSLA, PLTR, IREN And More: 5 Stocks That Dominated Investor Buzz This Week

Retail investors talked up five hot stocks this week (Nov. 3–7) on X and Reddit's r/WallStreetBets: TSLA, PLTR, MSTR, AMD, IREN.

Trump Issues Surprise Emergency Order

Trump Issues Surprise Emergency Order - Ad

A new Trump emergency order just took effect. It could reset the U.S. economy, impact 65M Americans, and trigger a major wealth shift tied to a $257T force Buffett called the greatest transfer of wealth. Billionaires are already positioned. If you want in, time is short.

Cipher Mining Stock Pops As JPMorgan Moves To Overweight

Cipher Mining shares are rising Monday after JPMorgan upgraded the stock to Overweight and raised its price target to $18.

MrBeast Admits His Recent Content 'Hasn't Been As Good' But Vows To Drop The 'Greatest Content' Of His Life In 2026

MrBeast admitted his recent videos haven't met his own standards and apologized, promising a major creative overhaul in 2026 even as he rapidly expands his multibillion-dollar empire across theme parks, finance and massive reinvestment.

Weiss Gold Veteran Makes Shocking New Call

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Bill Ackman's Amazon Trade Reverses Course – Now Up $119 Million And Counting In Third Quarter

Amazon.com was one of the biggest bets by Bill Ackman in the second quarter. After Q3 earnings, the position is now up since the end of Q2.

Are Markets Open On Thanksgiving? Here's What's Open And What's Closed On November 27

Find out what's open and closed on Thanksgiving and Black Friday 2025. Check hours for banks, USPS, FedEx, and stores in our holiday guide.

Why Is a $116B Mining Giant Backing a $10M Firm?

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

Why Is Sigma Lithium Stock Gaining Friday?

Sigma Lithium posts Q3 revenue of $28.5M, EPS loss narrows to 10 cents, as sales volumes rise 21% and lithium prices jump 33% Q/Q.

Donald Trump's Popularity Falls As Shutdown Drags On

President Donald Trump's approval rating has continued to drop, with the latest poll showing a significant decline, raising concerns for the Republican Party as the 2026 midterm elections approach.

85% Off Proven Crypto Timing Model - This Weekend Only!

85% Off Proven Crypto Timing Model - This Weekend Only! - Ad

Pfizer Clinches $10 Billion Deal To Buy Obesity Drug Maker Metsera, Outbidding Novo Nordisk In Fierce Battle For Weight-Loss Market Dominance

Nvidia CEO Jensen Huang cautioned Elon Musk against underestimating the challenges of semiconductor manufacturing, saying building a chip fab like TSMC's is "extremely hard."

Harvard University Increased Its Bitcoin IBIT Stake By 257% In Q3: 'As Good A Validation As An ETF Can Get'

Harvard University significantly increased its stake in the iShares Bitcoin Trust ETF, according to the latest 13F filing released on Friday.

Trump Signs Law to Launch Dollar 2.0

Trump Signs Law to Launch Dollar 2.0 - Ad

Tesla Showroom Fire Destroys 24 Vehicles In France — Authorities Suspect Arson: Report

Tesla showroom in France reported a fire incident, which destroyed over 24 cars. Authorities say no casualties recorded.

Trending Now